Honeywell Automation India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 27, 2025
HONAUT · price
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Honeywell Automation India has called its 41st AGM for Friday, June 27, 2025, at 4:00 p.m. IST, to be held via video conferencing. Key items on the agenda include adoption of FY25 audited financials, declaration of a final dividend of ₹105 per equity share, re-appointment of Mr. Atul Vinayak Pai, and appointment of Walker Chandiok & Co LLP as the new statutory auditor for a 5-year term (replacing Deloitte Haskins & Sells LLP) at a proposed annual fee of ₹64.5 lakh, nearly double the prior auditor's ₹36.3 lakh. The notice also seeks shareholder approval for material related party transactions with the ultimate parent Honeywell International Inc. (up to ₹7,700 million), Honeywell Measurex (Ireland) Limited (up to ₹6,500 million), and Honeywell Middle East BV (up to ₹7,000 million) for FY 2025-26. The record date for dividend eligibility is June 16, 2025, with dividend payment starting from July 8, 2025. Additionally, the company is appointing J B Bhave & Co as secretarial auditor for 5 years and seeking ratification of cost auditor remuneration of ₹7 lakh.
Routine AGM business overall, but shareholders should note the higher statutory auditor fees and the large scale of proposed related party transactions (up to ₹21,200 million combined) with group entities, which require shareholder approval. The ₹105 dividend confirms a steady payout, with the record date set at June 16, 2025.