Honda India Power Products Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025
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Honda India Power Products Limited held its 40th Annual General Meeting on September 25, 2025 via video conferencing. Shareholders approved all 8 resolutions with overwhelming majority. Key approvals included adoption of audited financial statements for FY25, declaration of a final dividend of Rs 21.50 per equity share (face value Rs 10), and re-appointment of Mr. Shigeki Iwama as a director (retiring by rotation). A Special Resolution to alter the Memorandum of Association was also passed with 99.9993% approval. Resolutions related to royalty payment and related party transactions with Honda Motor Co. Ltd., Japan for FY 2026-27 were approved, though the promoter group (holding 66.67% stake) abstained from voting on these two items. The approval percentages for these related-party resolutions were lower at around 96.4%, compared to over 99.99% for other resolutions.
Shareholders should expect the final dividend of Rs 21.50 per share to be paid as approved. The approval of royalty and related-party transactions with Honda Motor Co., Japan ensures continuity of operations for FY 2026-27, though these resolutions saw slightly higher dissent (~3.6%) compared to routine items. The re-appointment of Mr. Iwama maintains board continuity.