Honda India Power Products Ltd

Appointment of Whole Time Director

• Appointment of Mr. Sameer Jain as Whole Time Director for five years, from 01-Sep-2026 to 31-Aug-2031.
• Profile: ~three decades in business planning, budgeting, pricing, treasury, tax, and financial operations.
• Relationship: Not related to any other director.
• Not debarred by SEBI or other authorities.

AGM Details

• AGM held Aug 26, 2026 at 12:00 Noon via VC/OAVM.
• 71 members attended via VC/OAVM; quorum present.
• Scrutinizer appointed for e-voting.
• Voting results to be posted on company and exchange websites.

Key Resolutions

• Adoption of Audited Financial Statements and Reports for year ended Mar 31, 2026.
• Final dividend of Rs 23 per equity share for FY 2025-26.
• Re-appointment of Mr. Akihiro Sakurai as Director on rotation.
• Appointment of Mr. Sameer Jain as Whole-Time Director and remuneration.
• Ratification of remuneration for Cost Auditors M/s Rakesh Singh & Co.
• Revision in Related Party Transaction with Honda Motor Co., Japan for FY 2026-27.
• Royalty payment-related Related Party Transaction with Honda Motor Co. Ltd., Japan for FY 2027-28.
• Other Related Party Transaction(s) with Honda Motor Co. Ltd., Japan for FY 2027-28.
• Related Party Transactions with American Honda Motor Co. Inc. for FY 2026-27.
• Related Party Transactions with American Honda Motor Co. Inc. for FY 2027-28.

AR access and availability

• AR 2025-26 will be sent via link to members without registered email addresses.
• AR is also accessible on Honda India Power's website and stock exchanges.

AGM and dividend schedule

• 41st AGM scheduled Aug 26, 2026, 12:00 IST, via VC/OAVM.
• Final dividend proposed at 230% (Rs 23 per Re 10 share).
• Record date for final dividend set for Aug 19, 2026.
• Remote e-voting window open Aug 23–25, 2026.

KYC/ PAN data updates and dividend timing

• SEBI circular requires updating PAN, e-mail, mobile, and bank details for physical holders.
• Holders must update details with the RTA to receive dividends electronically.
• Unupdated physical holders may have grievances/services withheld.
• Nomination facility is optional; update via ISR-1/SH-forms.

Book Closure Details

• Book closure Aug 20–26, 2026 inclusive.
• Record date for dividend payment: Aug 19, 2026.
• Purpose: dividend entitlement.
• Security: Equity shares.

Overview

• Standalone BRSR for FY2025-26 by Honda India Power Products Ltd.
• Main activities: manufacturing and sale of generators, engines, water pumps, tillers and related power products.
• Reporting boundary: standalone; 88% turnover from generators segment.

Key ESG Risks & Opportunities

• Opportunity: products meet environmental standards, enabling market access and revenue potential.
• Risk: evolving environmental regulations require ongoing capex and process updates.
• Mitigation: Honda collaboration and in-house governance with risk controls.
• Resource risk: water use; managed via compliance framework and audits.
• Financial implications: compliance offers growth potential; updates incur costs.

Governance & Policy Highlights

• Steering Committee formed; senior management and executive Directors oversee ESG.
• Policies include anti-corruption, vigil mechanism, human rights, and Code of Conduct.
• Policies translated into procedures and extended to value chain partners.
• Policies are web-accessible; quarterly reviews conducted.
• No independent assurance on BRSR; no material penalties in 2025-26.

Social Responsibility & Workforce

• Total workforce: 489 employees and 629 workers.
• Female representation: employees 5%, workers 3%; board 12.5% female; KMP 25% female.
• Training coverage: board 100%, KMP 100%, employees 75%, workers 70%.
• LTIFR and injuries: NIL; on-site medical facility and annual health checks.
• Grievance mechanisms exist; premises accessible to differently abled; equal opportunity policy.
• CSR turnover: INR 86,545 Lakhs; CSR net worth: INR 80,338 Lakhs.
• CSR initiatives benefited 7,847 people; 100% from vulnerable groups.

Environmental Performance

• Non-renewable energy: total 39,634 GJ; renewable share not reported.
• Energy intensity: 0.46 GJ per lakh turnover; 0.16 GJ per unit production.
• Scope 1: 1,272 tCO2e; Scope 2: 3,232 tCO2e; total 4,504 tCO2e.
• Emissions intensity: 0.05 tCO2e per lakh turnover.
• Groundwater withdrawal: 44,028 KL; water intensity 0.51 per lakh turnover.
• Waste: total 700.89 MT; recycled 694 MT; incinerated 31.16 MT; landfilled 16.40 MT.
• ZLD approach: treated wastewater recycled for cooling and gardening.

Stakeholder Engagement & Complaints

• Key groups: employees, shareholders, suppliers, government, dealers, communities.
• Engagement channels: email, meetings, website; employees engaged quarterly.
• Grievance mechanisms: Works Committee, Safety, POSH, IR Help Desk.
• Consumer complaints: 2 filed, 8 pending in 2025-26; others reported as nil.
• Governance forums: CSR Committee, Risk Management Committee, Stakeholders Relationship Committee.

Other Notable Metrics

• Related-party transactions: purchases from RPTs 24.73% of total purchases; sales 25.06%.
• Concentration: top 10 trading houses hold 99.95% of trading purchases; top 10 dealers 36.96% of dealer sales.
• Health & safety assessments: 100% of value chain partners assessed for health and safety.
• Value chain awareness: 54.48% of partners covered by ESG training by value of business.
• Data privacy/cyber: no breaches reported; data policy exists on intranet/website.
• Trademark HI+ contributed Rs 250 million turnover.

Financial results

• Unaudited Q1 FY2026 results for quarter ended June 30, 2026 approved.

Governance: management appointments and resignations

• Mr. Sameer Jain appointed Chief Financial Officer effective October 01, 2026.
• Vinay Mittal to retire as CFO on September 30, 2026.
• Vinay Mittal resigns as Whole Time Director effective September 01, 2026.

Certificate status

• Enclosed Regulation 74(5) compliance certificate from RTA MAS Services Limited for quarter ended June 30, 2026.