honda india power products has accepted the retirement of Ms. Shankaran Radhika, General Manager - Finance & Accounts, from its Senior Management Personnel (SMP) cadre. Ms. Radhika’s tenure with the company concludes at the close of business on July 31, 2026, and she will cease to be an SMP effective August 01, 2026. This leadership change in the finance function marks the end of her service with the Greater Noida-based manufacturer.

The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited in accordance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sunita Ganjoo, Company Secretary and Compliance Officer, signed the communication on behalf of the company.

Key Details of Retirement

The following details were provided in Annexure-I of the regulatory filing:

Ms. Radhika will cease to be a Senior Management Personnel due to her retirement from the services of the company. The filing confirms that there are no details of violations or contraventions committed or alleged against her. Additionally, no disclosure of relationships between directors is applicable in this context, as this pertains to the cessation of an SMP rather than the appointment of a director.

Regulatory Compliance

The company submitted the requisite information to the Corporate Relationship Department of BSE Limited and the Listing Department of NSE Limited. The scrip codes for Honda India Power Products Limited are HONDAPOWER on NSE and 522064 on BSE. The filing ensures transparency regarding changes in senior management, allowing investors and stakeholders to be aware of the departure of key personnel responsible for finance and accounts.

Honda India Power Products reported a 19.3% year-on-year rise in revenue to ₹189.25 crore for the quarter ended June 30, 2026, driven by a significant surge in export sales which nearly quadrupled compared to the previous year. Net profit after tax grew 17.1% to ₹11.10 crore, while earnings per share increased to ₹10.94 from ₹9.35. The growth momentum was primarily fueled by international markets, indicating a strategic shift towards overseas demand as domestic revenue remained relatively flat. The Board of Directors approved the unaudited financial results on July 30, 2026, and filed them with stock exchanges under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q1FY27 Financial Highlights

The company's top-line expansion was supported by improved operational leverage despite a rise in other expenses. While employee benefits increased slightly to ₹35.06 crore from ₹34.13 crore, other expenses rose to ₹33.33 crore from ₹26.67 crore. However, the volume growth in high-margin export sales helped drive overall profitability. The following table outlines the key financial metrics for the quarter:

Note: Revenue figures are presented in ₹ crore for readability, derived from the filing’s ₹ lakh units (18,925 lakhs and 15,491 lakhs respectively).

Export-Led Growth Trajectory

Revenue from contracts with customers outside India jumped to ₹58.40 crore in Q1FY27, up from ₹15.83 crore in the same period last year. In contrast, domestic revenue from India stood at ₹128.21 crore, slightly down from ₹137.62 crore year-on-year. This divergence highlights a strategic shift or market-specific strength in international territories, which accounted for approximately 31% of total contract revenue this quarter, compared to just 10% in Q1FY26. The statutory auditors, B S R & Co. LLP, issued an unmodified limited review report on the unaudited financial results.

Leadership Transition

The Board approved the appointment of Sameer Jain as Chief Financial Officer, effective October 1, 2026. He will replace Vinay Mittal, who is retiring from the company on September 30, 2026. Additionally, Mittal has resigned from his position as Whole Time Director, effective September 1, 2026. Jain brings nearly three decades of experience in business planning, treasury operations, and tax compliance, having previously been honored as "Finance Leader of the Year - Auto 2023". The Board meeting commenced at 05:15 P.M. and concluded at 05:48 P.M. on July 30, 2026.