Notice of 41st Annual General Meeting and Annual Report for the FY 2025-26

:H:O:ND.A. Honda India Power Products Limited Head Office & Works : Plot No. 5, Sector-41, (Kasna) Greater Noida Industrial Development Area, Dist!. Gautam Budh Nagar (U.P.) Pin-201310 Ref: IDPP/SE/2026-27/24 Tel. : +91-120-2590 100 Fax : +91-120-2590 350 Website: www.hondaindiapower.com July 31, 2026 CIN: L40103DL2004PLC203950 E-mail : ho.mgt@hspp.com Corporate Relationship department BSE Limited Registered Office: Floor 25, P J Towers, Dalal Street, Mumbai - 400 001 Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Bandra Kurla Complex Bandra (E), Mumbai - 400 051 Scrip Code: NSE: HONDAPOWER BSE: 522064 Sub: ,Notice of 41'1 Annual General Meeting ("AGM") and Annual Report for the Financial Year 2025-26 Dear Sir/Madam, Pursuant to the Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Notice of 41'1 Annual General Meeting of the Company, alongwith the Annual Report for the Financial year 2025-26, scheduled to be held on Wednesday, August 26, 2026, at 12:00 Noon 1ST through Video conferencing ("VC")/Other Audio - Visual Means. The above documents are also available on the website of the Company at www.hondaindiapower.com. Record date for ascertaining the members of the Company for the purpose of payment of Dividend has been fixed for August 19, 2026. • Register of Members and Share Transfer books of the Company will remain closed from Thursday, August 20, 2026, to Wednesday, August 26, 2026 (both days inclusive). We request you to kindly take the aforementioned information on record. Thanking you. Yours Truly, For Honda Indi s Limited Sunita Ganjoo Company Secre r art!!!~ l,f'Jn iance Officer Encl: as above Honda India Power Products Limited (Formerly Honda Siel Power Products Limited) Regd. Office: 409, DLF Tower B, Jasola Commercial Complex, New Delhi -110025 HONDA - - - - ••• - - - - 41 ANNUAL REPORT 2025-26 HONDA INDIA POWER PRODUCTS LIMITED Key Financial Trends Operting Revenue (Rs lakhs) PBDT (Rs lakhs) PBT (Rs lakhs) r a a0 C- X- , ,) """'' 0 :"0 :0 0 :' : " :a ::' , :· " ~a 00' , - " ~0 0 ' - "" ~0 '- r r~0- - -- " 0N " 00' " " oo' ' 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 PAT (Rs lakhs) Networth (Rs lakhs) Dividend Payout Ratio(%) .-< ::l """ ,-._' ' · "a 0 oo ', · 0~ ) " ,a a -._, , · .a00 ,00 ,,- "" ,r r, -- , -- '- .. 0N.-- .< 0< , - ". 0, 0,'- o 0~ 0' 0 :a :0 , l '"° "' '( r-- N ;;l ::j ::j I I I I 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 Corporate Information Board of Directors Statutory Auditors Mr. Shigeki Iwama M/s B S R & Co., LLP CMD and President & CEO Building No. 10, 12th Floor, Tower-C, DLF Cyber City, Phase-II, Gurugram- 122 002 Mr. Vinay Mittal Whole Time Director & CFO Registered Office 409, Tower B, DLF Commercial Complex, Jasola, New Delhi- 110 025 Mr. Akihiro Sakurai Whole Time Director Head Office & Works Mr. Yasuhiro Takabatake Plot No. 5, Sector-41 (Kasna), Greater Noida Industrial Development Area, Distt. Gautam Budh Nagar, UP- 201 310 Non - Executive Director Mr. Ravi Prakash Mehrotra Registrar & Share Transfer Agent Independent Director M/s MAS Services Limited T-34, 2nd Floor, Okhla Industrial Area, Ms. Anuradha Dutt Phase – II, New Delhi – 110020. Independent Director Mr. Nitin Savara Independent Director Mr. Balachandran Dharman Independent Director Company Secretary & Compliance Officer Ms. Sunita Ganjoo S. No. Contents Page No 1. Notice 2-32 2. Board's Report 33-94 3. Auditors' Report to the Members 95-104 4. Financial Statements 105-150 Page | 1 NOTICE Notice is hereby given that the 41st Annual General Meeting of Honda India Power Products Limited (the Company) will be held on Wednesday, August 26, 2026, at 12:00 noon IST through Video Conferencing /Other Audio-Visual Means (VC/ OAVM), to transact the following business. The venue of the meeting shall be deemed to be the Registered Office of the Company at 409, Tower B, DLF Commercial Complex, Jasola, New Delhi-110025. ORDINARY BUSINESS 1. To receive, consider and adopt the Audited Financial Statements including Balance Sheet as at March 31, 2026 and the Reports of the Board of Directors and Auditors thereon. 2. To declare Final Dividend of Rs. 23/- per equity share of Rs.10/- each for the financial year ended March 31, 2026. 3. To appoint a Director in place of Mr. Akihiro Sakurai (DIN:10570035), who retires by rotation and being eligible, offers his candidature for re-appointment. SPECIAL BUSINESS 4. Approval for appointment of Mr. Sameer Jain, (DIN: 11737255) as the Whole Time Director of the Company and for the remuneration payable to him. To consider and if thought fit, to pass the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sections 152, 196, 197, 198, 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, (including any statutory modifications or re-enactments thereof for the time being in force), Regulation 17 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) as amended from time to time, and pursuant to the recommendations of the Nomination and Remuneration Committee and the Board of Directors and subject to any other approval, as may be required in this regard, the consent of the Members be and is hereby accorded for the appointment of Mr. Sameer Jain (DIN: 11737255), as the Whole Time Director (to be designated as Senior Vice President ,Whole Time Director & Chief Corporate Officer ) of the Company for a period of five (5) years with effect from September 01, 2026, liable to retire by rotation, on the terms and conditions including remuneration and perquisites as set out herein below: Heads Rs. /Per month Basic 7,50,000/- House rent allowance 3,75,000/- Special allowance 27,200/- Fuel reimbursement 50,000/- Leave travel concession 62,500/- Role allowance 10,500/- RESOLVED FURTHER THAT Mr. Jain is proposed to be entitled to the following perquisites and benefits, in accordance with the Company’s policies and applicable laws: a) Personal Accident Insurance coverage of Rs. 20,00,000/- per annum; b) Medical Insurance for self and family coverage of Rs. 3,25,000/- per annum; c) Term Life Insurance coverage of Rs. 25,00,000/- per annum; d) Use of Company cars for self and family, including drivers and maintenance; e) Telephone reimbursement/facility; f) Contribution to the Provident Fund and the National Pension Scheme; g) Gratuity in accordance with applicable laws and the Company’s policy; h) Variable pay, determined in accordance with the Company’s rules and based on individual performance as well as the Company’s performance against prescribed targets; and i) Leave encashment in accordance with the Company’s leave encashment policy. Page | 2 RESOLVED FURTHER THAT the above perquisites and benefits are recommended to be provided to Mr. Jain on such terms and conditions as may be prescribed by the Company from time to time. RESOLVED FURTHER THAT the Board of Directors, which term shall include the duly constituted Committee of the Board, be and is hereby authorized to alter and vary from time to time during the tenure of appointment of Mr. Sameer Jain, the terms and conditions of appointment including as to the remuneration in such manner as in the best interest of the Company and in accordance with the laws in force from time to time and acceptable to Mr. Sameer Jain, provided that the remuneration after such alteration shall not exceed the limits prescribed under the Companies Act, 2013. RESOLVED FURTHER THAT the Board of Directors and the Company Secretary of the Company, be and are hereby authorized to do all such acts and deeds as may be necessary, exp [Showing first 8,000 characters — download PDF for full document]