Outcome of Board Meeting as per Regulation 30 of SEBI (LODR) Regulations, 2015
HONDAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Honda India Power Products Limited's Board Meeting on May 26, 2026 approved several key items. For FY2026 (year ended March 31), revenue grew 9% to ₹86,545 lakhs from ₹79,423 lakhs, but profit after tax declined 20% to ₹6,424 lakhs (vs ₹7,994 lakhs) due to ₹999 lakhs exceptional charge from new labour codes (gratuity ₹702 lakhs + compensated absences ₹297 lakhs). EPS stood at ₹63.33 vs ₹78.81 prior year. Q4 FY26 PAT was ₹2,692 lakhs. The Board recommended a final dividend of ₹13 per share (130%) payable on September 17, 2026 (record date August 19, 2026), subject to AGM approval. Mr. Sameer Jain is appointed as Chief Corporate Officer from July 1, 2026 and Whole-Time Director from September 1, 2026 for 5 years, succeeding Mr. Vinay Mittal who retires on September 30, 2026. Statutory auditors were changed to Deloitte Haskins & Sells LLP (from BSR & Co. LLP) and M/s Das Patnaik & Co appointed as internal auditors for FY2026-27.
Revenue growth is positive but the 20% PAT decline and lower EPS may concern investors in the short term. The dividend and unchanged auditor (Deloitte appointment) signal management confidence. The leadership transition is smooth and expected to maintain operational continuity.