Honda India Power Products Announces 40th AGM, Dividend & Business Updates
The AGM and dividend declaration are standard corporate events. The inclusion of new business ventures and related party transactions suggests potential future growth.
The announcement includes positive news such as dividend declaration and business updates, alongside routine AGM information.
* Honda India Power Products will hold its 40th Annual General Meeting (AGM) on September 25, 2025, via video conferencing. * The company will declare a final dividend of ₹ 21.50 per equity share of ₹ 10 each for the financial year ended March 31, 2025, subject to shareholder approval. * The record date for determining members eligible for the dividend is September 18, 2025. * The Register of Members and Share Transfer Books will be closed from September 19, 2025, to September 25, 2025. * The AGM includes resolutions for: * Re-appointment of Mr. Shigeki Iwama, who retires by rotation. * Alteration of the Memorandum of Association to include electric motor business. * Appointment of M/s. TVA & Co. LLP as Secretarial Auditor for 5 years with remuneration of ₹ 1,00,000 per year. * Ratification of remuneration of Cost Auditors, M/s Rakesh Singh & Co., at ₹ 1,50,000 plus expenses. * Approval for payment of royalty to Honda Motor Co. Ltd., Japan for FY 2026-27, capped at ₹ 4,200 lakhs (₹ 42 crore), which is 6% of sales. * Approval for related party transactions with Honda Motor Co. Ltd., Japan for FY 2026-27, including export commission (limit: ₹ 2,500 lakhs (₹ 25 crore)), technical guidance fee (limit: ₹ 750 lakhs (₹ 7.5 crore)), purchase of raw materials (limit: ₹ 6,500 lakhs (₹ 65 crore)), purchase of capital goods (limit: ₹ 100 lakhs (₹ 1 crore)), reimbursements (limit: ₹ 1,500 lakhs (₹ 15 crore)), export sales (limit: ₹ 4,500 lakhs (₹ 45 crore)), and model fee (limit: ₹ 140 lakhs (₹ 1.4 crore)). * A special window for re-lodgement of transfer deeds related to physical shares will be active from July 7, 2025, to January 6, 2026.
What to do with a filing like this
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.