Honda India Power Products Limited has closed its trading window for designated persons effective July 1, 2026. The restriction will remain in force until 48 hours after the Board of Directors approves and declares the unaudited financial results for the quarter ending June 30, 2026. This measure is implemented to ensure compliance with regulatory norms regarding insider trading during the period leading up to financial announcements.

The decision follows the provisions of Regulation 9 read with Schedule B of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. Additionally, the closure aligns with the company's Code of Conduct for the prevention of Insider Trading. The trading window closure is a standard procedure adopted by listed entities to prevent the misuse of unpublished price-sensitive information.

The notification was addressed to BSE Limited and The National Stock Exchange of India Ltd to inform the exchanges about the development. The company requested the exchanges to take note of the closure and notify their constituents accordingly. The communication was signed by Sunita Ganjoo, Company Secretary and Compliance Officer of Honda India Power Products Limited.

The specific dates for the opening of the trading window are contingent upon the Board meeting where the Q1FY27 results are approved. Until such time, the window remains closed for all designated persons associated with the company. The company operates under the scrip code HONDAPOWER on the NSE and 522064 on the BSE.

Honda India Power Products Ltd announced that its appeal against a tax penalty has been allowed by the Joint Commissioner of State Tax, Raipur. The order, received on June 22, 2026, formally dropped the demand raised by the Assistant Commissioner of State Tax, Jurisdiction-Raipur-3. The development removes a liability of ₹5,40,956 that had been contested by the company.

The dispute originated from an order passed under Section 73 of the CGST Act, 2017, which alleged excess availing of Input Tax Credit (ITC). The original demand included an ITC excess of ₹3,32,048, interest of ₹1,75,703, and a penalty of ₹33,205 for the financial year 2019-20. This matter was reported to the exchanges on November 28, 2024.

Following the appeal, the Joint Commissioner of State Tax (Appeal) in Raipur, Chhattisgarh, ruled in favour of the company. The appellate authority vacated the entire demand, providing relief to the entity regarding the alleged contraventions.

Details of the Order

The disclosure submitted to the exchanges outlined the specifics of the tax demand and the subsequent relief provided by the appellate authority.

Honda India Power Products stated that there is no material impact on its financials, operations, or other activities as a result of this intimation of tax payable. The company confirmed that the dropping of the demand concludes the matter for the specified period.