Regulatory action reported
As filed · Honda India Power Products Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
What happened
FactDisclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015. The Company has received a Show Cause Notice ("SCN") dated. (Formerly Honda Siel Power Products Limited).
Why it matters
CapitSignal interpretationRegulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Exports
Revisedapproval of the Members be and is hereby accorded for revision of the existing approved limits for material related party transactions to be entered into by the Company with Honda Motor Co., Ltd., Japan ("HM"), during the financial year 2026-27, in respect of export sale of finished goods and spares from Rs. 4,500 Lakhs (Rupees Four Thousand Five Hundred Lakhs only) to Rs. 10,500 Lakhs (Rupees Ten Thousand Five Hundred Lakhs only)
approval of the Members be and is hereby accorded to the Company for entering into Material Related Party Transactions/contracts/arrangements/ agreements, on an arm’s length basis and in the ordinary course of business of the Company, with American Honda Motor Co. Inc. (AH), w.r.t export sale of finished goods and spares and reimbursement received and paid including warranty expenses, for an amount not exceeding Rs. 15,200 Lakhs (Rupees Fifteen Thousand and Two Hundred Lakhs only) for the financial year 2026-27 on such terms as may be mutually agreed between the AH and the Company.
Change
FactWatch next
Fact- Quantum of penalty and whether it is appealed
- Any restriction placed on operations or licences
- Timeline given by the regulator
- payment of royalty from Rs. 4,200 Lakhs (Rupees Four Thousand Two Hundred Lakhs only) to Rs. 4,800 Lakhs (Rupe (management committed by FY27)
- approval of the Members be and is hereby accorded for revision of the existing approved limits for material re (management committed by FY27)
Evidence
- Honda India Power Products Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
How CapitSignal classified this
- Reasoning:
- REGULATORY_ACTION base 78; +5 quantified amount; matched on body
- Matched on:
- body text (weaker evidence than a subject match)
- Confidence in the event type:
- 50%