Honda India Power Products has published a newspaper advertisement confirming the dispatch of its postal ballot notice to shareholders, seeking approval for critical executive appointments and remuneration matters. The company issued the notice on March 30, 2026, and published the advertisement in Financial Express (English/Delhi Edition) and Jansata (Hindi/Delhi Edition) on March 31, 2026.

Executive Re-appointment Proposal

The primary resolution concerns the re-appointment of Mr. Shigeki Iwama as Chairman, Managing Director (CMD) and President & CEO for a one-year term from April 01, 2026 to March 31, 2027. Mr. Iwama, who holds DIN 10075458, was initially appointed on April 01, 2023, for a three-year period, with his appointment approved by members through postal ballot on May 14, 2023.

Mr. Iwama's remuneration package includes a basic salary of Rs. 75,000 per month, salary reimbursement to Japan not exceeding Rs. 20,00,000 per month, and special allowance not exceeding Rs. 12,50,000 per month. Additional perquisites include housing, medical reimbursement, health inspection travel costs to Japan twice yearly, and various other benefits as per company rules.

Whole Time Director Remuneration

The second resolution addresses the payment of remuneration to Mr. Vinay Mittal (DIN: 05242535), Whole Time Director, for the period from April 01, 2026 to September 30, 2026. Mr. Mittal, aged 59, is a commerce graduate and Fellow Member of ICAI with 35 years of experience across finance, taxation, and general management.

Mr. Mittal's previous annual remuneration was approximately Rs. 276.00 lakhs. The resolution also approves carrying forward his unavailed perquisites, benefits, and leave accrued up to March 31, 2026.

Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting for shareholders. Ms. Saryu Munjal, Proprietor of M/s Saryu Munjal & Associates, Company Secretaries, has been appointed as Scrutinizer for the voting process.

Shareholders whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date will be eligible to vote. The voting will be conducted exclusively through electronic mode, with detailed instructions provided for both demat and physical shareholders.

Regulatory Compliance and Publication

The postal ballot notice has been issued pursuant to Sections 108 and 110 of the Companies Act, 2013, and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated the dispatch through reference HIPP/SE/2025-26/49 dated March 31, 2026, to both BSE Limited and National Stock Exchange of India Limited.

The notice is available on the company's website at www.hondaindiapower.com and has been uploaded on BSE and NSE websites where the company's shares are listed. Both resolutions are proposed as Ordinary Resolutions and will be deemed passed if approved by the requisite majority on April 30, 2026. The results will be communicated to stock exchanges within prescribed timelines and made available on relevant websites along with the Scrutinizer's report.

Honda India Power Products Limited has reached a significant manufacturing milestone by achieving cumulative production of 6 million units. The company announced this achievement through a regulatory disclosure filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Production Milestone Achievement

The milestone represents a substantial manufacturing achievement for the power products company. The announcement was made on February 27, 2026, through an official communication to both BSE Limited and National Stock Exchange of India Limited.

Company Operations

Honda India Power Products Limited operates from its head office and manufacturing facility located at Plot No. 5, Sector-41, Kasna, Greater Noida Industrial Development Area, Uttar Pradesh. The company is celebrating its 40th anniversary, marking four decades of operations in India from 1985 to 2025.

Regulatory Compliance

The disclosure was made in compliance with SEBI listing regulations, demonstrating the company's commitment to transparency and regulatory adherence. Company Secretary and Compliance Officer Sunita Ganjoo signed the official communication, ensuring proper corporate governance protocols were followed.

Market Presence

The achievement of 6 million units in cumulative production underscores Honda India Power Products Limited's established position in the Indian power products market. This milestone reflects the company's manufacturing capabilities and sustained market demand for its products over its operational tenure.