Meeting Details

The 41st Annual General Meeting (AGM) of Honda India Power Products Limited was held on Wednesday, August 26, 2026 at 12:00 Noon IST through Video Conferencing and Other Audio Visual Means (VC/OAVM). The deemed venue was the Registered Office of the Company at 409, Tower B, DLF Commercial Complex, Jasola, New Delhi-110025.

Attendance

  • Mr. Shigeki Iwama, CMD and President & CEO chaired the meeting
  • All Directors participated via video conferencing
  • Chairpersons of Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee attended
  • Representatives of Statutory Auditors and Secretarial Auditors joined
  • 71 members attended through VC/OAVM
  • Ms. Saryu Munjal of M/s Saryu Munjal & Associates was appointed as Scrutinizer for e-voting process

Business Transacted

Ordinary Business:

1. Consideration and adoption of Audited Financial Statements for year ended March 31, 2026, together with Reports of Board of Directors and Auditors. The Chairman informed that Auditors' Report on Financial Statements and Report from Secretarial Audit for financial year ended March 31, 2026 were free from any qualifications.

2. Declaration of Final Dividend of Rs. 23/- per equity share (230%) on equity shares of face value of Rs. 10/- each for the Financial Year ended March 31, 2026.

3. Appointment of Director in place of Mr. Akihiro Sakurai (DIN: 10570035), who retires by rotation and being eligible, offers his candidature for re-appointment.

Special Business:

4. Approval for appointment of Mr. Sameer Jain (DIN: 11737255) as Whole Time Director of the Company and for the remuneration payable to him.

5. Ratification of remuneration of M/s Rakesh Singh & Co., Cost Auditors of the Company.

6. Revision in Related Party Transaction with Honda Motor Co. Ltd., Japan for Financial Year 2026-27.

7. Related Party Transaction with respect to payment of royalty to Honda Motor Co. Ltd., Japan for Financial Year 2027-28.

8. Other Related Party Transaction(s) with Honda Motor Co. Ltd., Japan for financial year 2027-28.

9. Related Party Transaction(s) with American Honda Motor Co. Inc. for financial year 2026-27.

10. Related Party Transaction(s) with American Honda Motor Co. Inc. for financial year 2027-28.

Shareholder Interaction

The Chairman invited shareholders to present queries regarding the Annual Report for 2025-26 and related matters. Shareholders previously registered as speakers with the Company and present at the meeting raised questions and sought clarifications on various issues concerning the Company's business and operations. Mr. Iwama addressed their observations and provided necessary clarifications.

Voting and Results

The combined results of remote e-voting and online voting conducted during the meeting would be posted on the Company's website and submitted to National Securities Depository Limited as well as stock exchanges (BSE & NSE) for publication on their respective websites.

Meeting Conclusion

The AGM concluded at 12:38 P.M. IST.