Re-Appointment of Cost Auditors for the FY 2026-27
HONDAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Honda India Power Products reported FY2026 revenue of Rs. 86,545 lakhs, up 9% YoY from Rs. 79,423 lakhs. However, profit after tax declined to Rs. 6,424 lakhs from Rs. 7,994 lakhs (down ~19.6%), impacted by Rs. 999 lakhs in exceptional items primarily from new labour code implementation (gratuity Rs. 702 lakhs, compensated absences Rs. 297 lakhs). The Board re-appointed M/s Rakesh Singh & Co. as Cost Auditors for FY 2026-27, appointed Mr. Sameer Jain as Chief Corporate Officer (effective July 2026) and Whole-Time Director (effective September 2026), and recommended a final dividend of Rs. 13 per share (130%). New statutory auditors M/s Deloitte Haskins & Sells LLP were appointed for FY 2026-27. Mr. Vinay Mittal retires on September 30, 2026.
Revenue growth is positive but profit decline due to statutory labour code impact is a one-time drag. Dividend and new leadership provide stability. Shareholders can expect dividend payout around September 17, 2026 if approved at AGM.