Honda India Power Products Limited has informed the Exchange regarding Change in Auditors of the company.
HONDAPOWER · price
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Awaiting price reaction for this filing.
Honda India Power Products' board met on May 19, 2025, and approved audited FY25 results along with a final dividend of Rs. 21.50 per share (215% on face value of Rs. 10), subject to shareholder approval, with payment scheduled for October 16, 2025. Revenue from operations for FY25 stood at Rs. 79,423 lakhs (down from Rs. 98,907 lakhs in FY24), with profit after tax at Rs. 7,994 lakhs versus Rs. 9,221 lakhs in the prior year, translating to basic EPS of Rs. 78.81 (vs Rs. 90.81). The board also rotated its secretarial auditor (Saryu Munjal & Associates replaced by TVA & Co. LLP for 5 years) and internal auditor (Ernst & Young replaced by Deloitte Touche Tohmatsu India LLP for FY26), both per the company's rotation policy. Statutory auditor BS R & Co. LLP issued an unmodified opinion on the results.
The dividend of Rs. 21.50 per share offers a healthy yield, but the decline in both revenue and profit year-on-year may weigh on the stock. The auditor changes are routine rotations per company policy, not mid-term resignations, so no governance red flags.