Honda India Power Products Announces 40th AGM, Corrigendum & Resolutions
The announcement provides important information to shareholders regarding the AGM, dividend, and related party transactions, which could influence investor decisions.
The announcement primarily contains information about the AGM, corrigendum, and resolutions to be passed, without any clear positive or negative implications.
* Honda India Power Products Limited has announced a corrigendum to the notice of the 40th Annual General Meeting (AGM) scheduled for September 25, 2025, to be held through video conferencing. * The corrigendum addresses a typographical error in Item No. 6 regarding the ratification of remuneration of Cost Auditors, correcting the audit year from 2025 to 2026. * The company's 40th AGM will be held on September 25, 2025, at 10:45 am IST via video conferencing, with the registered office in New Delhi as the deemed venue. * Key agenda items include: * Adoption of audited financial statements for the year ended March 31, 2025. * Declaration of a final dividend of ₹ 21.50 per equity share of ₹ 10 each. * Re-appointment of Mr. Shigeki Iwama, who retires by rotation. * Alteration of the Memorandum of Association to include electric motor units business. * Appointment of M/s. TVA & Co. LLP as Secretarial Auditor for five years with a remuneration of ₹ 1,00,000 per year. * Ratification of remuneration of ₹ 1,50,000 plus expenses to M/s Rakesh Singh & Co., Cost Accountants for FY 2025-26. * Approval for payment of royalty to Honda Motor Co. Ltd., Japan, capped at ₹ 4,200 lakhs (₹ 42 crore), which is 6% of sale price for FY 2026-27. * Approval for related party transactions with Honda Motor Co. Ltd., Japan for FY 2026-27, including export commission (₹ 2,500 lakhs [₹ 25 crore]), technical guidance fee (₹ 750 lakhs [₹ 7.5 crore]), purchase of raw materials (₹ 6,500 lakhs [₹ 65 crore]), purchase of capital goods (₹ 100 lakhs [₹ 1 crore]), reimbursement of expenses (₹ 1,500 lakhs [₹ 15 crore]), export sale of finished goods & spares (₹ 4,500 lakhs [₹ 45 crore]), and model fee (₹ 140 lakhs [₹ 1.4 crore]). * The register of members and share transfer books will be closed from September 19, 2025, to September 25, 2025, for dividend payment purposes. * The Board recommended a final dividend of ₹ 21.50 per share, subject to shareholder approval.
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Honda India Power Products Limited filed this with the NSE as a statutory disclosure, categorised under agm-egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Honda India Power Products Limited. Read the original for the full detail.