Honda India Power Products approves FY26 results, recommends ₹13 dividend, appoints Sameer Jain as CCO & WTD
Honda India Power Products reported audited financial results for FY26. The Board approved a final dividend of ₹13 per share. Mr. Sameer Jain was appointed Chief Corporate Officer from July 1, 2026, and Whole-Time Director from September 1, 2026. Mr. Vinay Mittal will retire on September 30, 2026.
The appointment of a new Whole-Time Director and the declaration of a dividend are material events that can impact investor sentiment and the company's valuation.
The announcement includes the approval of financial results, recommendation of a final dividend, and key management appointments, which are generally viewed positively by the market.
Honda India Power Products Limited announced the outcome of its Board Meeting held on May 26, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, along with the Audit Report.
Key decisions included the appointment of Mr. Sameer Jain as Chief Corporate Officer (CCO) effective July 1, 2026, and as Whole-Time Director (WTD) effective September 1, 2026. Mr. Vinay Mittal will superannuate as WTD on September 30, 2026. The Board also approved the re-appointment of M/s Rakesh Singh & Co. as Cost Auditors for FY 2026-27.
Furthermore, the Board recommended a final dividend of ₹13 per equity share (130%) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The record date for this dividend is fixed as August 19, 2026, with the payment scheduled for September 17, 2026. The Register of Members and Share Transfer Books will be closed from August 20 to August 26, 2026, for the AGM and dividend payment.
The financial results for the quarter ended March 31, 2026, showed a profit after tax of ₹2,692 lakhs. For the full financial year ended March 31, 2026, the profit after tax was ₹6,424 lakhs. Revenue from operations for the year stood at ₹86,545 lakhs. The company also reported an exceptional item of ₹185 lakhs related to the statutory impact of new Labour Codes.
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Honda India Power Products Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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