Honda India Power Products appointed Mr. Hideki Sawauchi as Senior Advisor-Purchasing effective August 31, 2026.

The company designated Mr. Sawauchi as Senior Management Personnel (SMP) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 31, 2026.

Appointment Details

Mr. Sawauchi brings 28 years of experience in procurement and sourcing. His expertise covers purchasing, supply chain operations, cost optimization, supplier development, localization, and strategic sourcing.

The term of appointment follows the company policy applicable to all Japanese expatriates. The filing confirmed no violations or contraventions associated with the appointment.

Regulatory Compliance

The disclosure complies with Schedule III of the SEBI Listing Regulations and 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 document.

Honda India Power Products shareholders approved a final dividend of ₹23 per equity share for FY26 and the appointment of Sameer Jain as Whole Time Director at its 41st Annual General Meeting on August 26, 2026.

The meeting, chaired by CMD Shigeki Iwama, also ratified related-party transactions with Honda Motor Co. Ltd. and American Honda Motor Co. Inc. The audited financial statements for the year ended March 31, 2026, were adopted without qualification.

Key Resolutions

The AGM transacted both ordinary and special business items. Shareholders approved the re-appointment of Mr. Akihiro Sakurai, who retired by rotation. The remuneration of cost auditors M/s Rakesh Singh & Co. was ratified.

Leadership Changes

Sameer Jain’s appointment as Whole Time Director was approved for a five-year term commencing September 1, 2026. This follows the board’s initial approval on August 26, 2026. Jain brings nearly three decades of experience in business planning and treasury operations.

Meeting Details

The AGM was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Seventy-one members attended the meeting. Ms. Saryu Munjal served as the scrutinizer for the e-voting process. The auditors’ report and secretarial audit report for FY26 were free from qualifications.