Honda India Power Products seeks approval for CMD/CEO & Director remuneration
Honda India Power Products is seeking shareholder approval via postal ballot for the re-appointment of Mr. Shigeki Iwama as CMD and President & CEO for one year from April 1, 2026. Approval is also sought for Mr. Vinay Mittal's remuneration as Whole Time Director from April 1 to September 30, 2026. E-voting is open from April 1 to April 30, 2026, with results by May 4, 2026.
The re-appointment of key management personnel and approval of their remuneration are significant corporate governance events that directly impact the company's leadership and operational continuity. This requires shareholder approval and is thus considered to have a medium impact.
The announcement is a routine corporate action seeking shareholder approval for director appointments and remuneration, which is standard practice and does not inherently suggest a positive or negative outlook for the company.
Honda India Power Products Limited has initiated a postal ballot and electronic voting process to seek shareholder approval for the re-appointment and remuneration of Mr. Shigeki Iwama as CMD and President & CEO, and for the remuneration of Mr. Vinay Mittal as Whole Time Director.
The postal ballot notice has been sent to the members, with the results expected on or before May 04, 2026. The e-voting period commences on April 01, 2026, and concludes on April 30, 2026. The cut-off date for eligibility to vote was March 27, 2026.
For Mr. Shigeki Iwama, the proposed re-appointment is for a term of one year from April 01, 2026, to March 31, 2027. His remuneration includes a basic salary of ₹75,000 per month, with various perquisites and allowances detailed in the notice. This includes salary reimbursement to Japan up to ₹20,00,000 per month, special allowance not exceeding ₹12,50,000 per month, and other benefits such as housing, medical reimbursement, and leave.
For Mr. Vinay Mittal, the approval is sought for remuneration for the period from April 01, 2026, to September 30, 2026. His remuneration includes a basic salary not exceeding ₹9,26,222 per month, along with housing allowance, special allowance, child education allowance, washing allowance, and leave travel concession. Other benefits like personal accident insurance, medical insurance, car, and gratuity will be as per company policy. Unavailed perquisites and leave up to March 31, 2026, are also proposed to be carried forward.
The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process.
What to do with a filing like this
Honda India Power Products Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. 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.