Honeywell Automation India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 27, 2025
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Honeywell Automation India held its 41st AGM on June 27, 2025 via video conferencing, chaired by Independent Director Ganesh Natarajan. All 10 resolutions on the agenda were passed with the required majority, including adoption of FY25 audited financial statements and a final dividend of ₹105 per equity share for FY 2024-25. Shareholders also approved the appointment of Walker Chandiok & Co LLP as statutory auditors and J B Bhave & Co as secretarial auditors. Material related party transactions with Honeywell International Inc. (up to ₹7,700 million), Honeywell Measurex (Ireland) (up to ₹6,500 million), and Honeywell Middle East BV (up to ₹7,000 million) for FY 2025-26 were cleared. The statutory auditor and secretarial audit reports contained no qualifications, and MD Atul Vinayak Pai was re-appointed on retirement by rotation.
The ₹105 dividend offers steady income to shareholders, while approval of large related party transactions with parent and group entities signals continued intra-group business activity worth over ₹21,200 crore in FY26. Smooth passage of all resolutions and clean audit reports suggest no governance concerns, likely a neutral-to-positive signal for the stock.