Honeywell Automation India Limited has issued a postal ballot notice seeking shareholder approval for key board appointments. The company announced remote e-voting from January 1-30, 2026, for the appointment of Jake Morgan Wasserman as Non-Executive Director and re-appointment of Dr. Ganesh Natarajan as Independent Director.

Board Changes Overview

The company had earlier announced changes to its board of directors, effective November 5, 2025. Jake Morgan Wasserman (DIN: 11364789) was appointed as an Additional Non-Executive Non-Independent Director, while Pedro Thena Garrote resigned from his position on the board.

Postal Ballot Process

The company has issued a comprehensive postal ballot notice dated December 30, 2025, for shareholder approval of two key resolutions. The remote e-voting process will be conducted through National Securities Depository Limited (NSDL).

Resolution Details

The postal ballot covers two special business items requiring shareholder approval:

Resolution 1: Appointment of Jake Morgan Wasserman as Non-Executive Director (Ordinary Resolution) Resolution 2: Re-appointment of Dr. Ganesh Natarajan as Independent Director for a second term of three years from March 8, 2026 to March 7, 2029 (Special Resolution)

Director Profiles

Jake Morgan Wasserman brings extensive legal expertise to the board. Currently serving as Vice President and General Counsel for Mergers & Acquisitions at Honeywell, he holds a Juris Doctorate from Duke University School of Law and possesses expertise in corporate governance, strategic transactions, and regulatory compliance.

Dr. Ganesh Natarajan, seeking re-appointment, currently serves as Executive Chairman and Co-Founder of 5F World and GTT Data Solutions Ltd. He holds prominent positions across multiple organizations and has received recognition including the Distinguished Alumnus Award from BIT Mesra, IIT Bombay and IIM Mumbai.

Regulatory Compliance

Ms. Amruta Rajarshi from Bokil Punde and Associates has been appointed as Scrutinizer for the postal ballot process. The company has confirmed compliance with all regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations.

Pedro Thena Garrote's resignation comes as he pursues career opportunities outside of Honeywell. The board has acknowledged his contributions and placed on record its appreciation for his service to the company.

Honeywell Automation India Limited (HAIL) has released its financial results for the second quarter ended September 30, showing a mixed performance with revenue growth but a decline in profit.

Financial Highlights

HAIL reported total income of ₹14,936.00 million for Q2, marking a significant 22.00% increase from ₹12,240.00 million in the same quarter last year. However, the company's net profit saw a decline of 11.50%, decreasing to ₹1,195.00 million from ₹1,351.00 million year-over-year.

Half-Year Performance

For the first half of the fiscal year, HAIL's profit stood at ₹2,441.00 million, compared to ₹2,516.00 million in the same period last year, indicating a slight decrease in profitability.

Financial Position

The company maintains a strong financial position with cash and cash equivalents of ₹30,613.00 million as of September 30.

Board Changes

HAIL announced changes to its Board of Directors:

• Mr. Pedro Thena Garrote has resigned from his position as a Non-Executive Non-Independent Director, effective November 5.
• Mr. Jake Morgan Wasserman has been appointed as an Additional Non-Executive Non-Independent Director, also effective from November 5.

Board Meeting Details

The Board meeting where these results were approved and changes announced was held on November 5, from 2:00 p.m. to 3:45 p.m. IST.

Outlook

While Honeywell Automation India Limited has shown substantial revenue growth, the decline in net profit may require attention. The company's strong cash position suggests a stable foundation for its operations in the automation and control systems market in India.