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Honeywell Automation India CFO Pulkit Goyal Resigns Effective April 30, 2026
Honeywell Automation India Limited (HONAUT) has announced the resignation of Mr. Pulkit Goyal from the position of Chief Financial Officer and Key Managerial Personnel. The Board of Directors accepted his resignation during a meeting held on February 2, 2026, with his tenure set to conclude on April 30, 2026. Mr. Goyal is leaving the organization to pursue other professional opportunities. The company has approximately three months to manage the transition and identify a successor for the critical finance role.
Key Highlights
Mr. Pulkit Goyal resigned as CFO and Key Managerial Personnel effective April 30, 2026.
The resignation was accepted by the Board of Directors on February 2, 2026.
The outgoing CFO will serve a notice period of nearly three months to facilitate a smooth transition.
The reason for departure is cited as pursuing other opportunities outside the company.
💼 Action for Investors
Investors should monitor the company's upcoming announcements regarding the appointment of a new CFO to ensure continuity in financial strategy. No immediate impact on operations is expected given the orderly transition period provided.
HONAUT Q3 Revenue Up 7% to ₹11,687 Mn; PAT Dips 8% on Exceptional Item
Honeywell Automation India Limited (HONAUT) reported a 7.1% YoY increase in revenue for Q3 FY26, reaching ₹11,687 million. However, net profit for the quarter declined by 8.2% YoY to ₹1,212 million, primarily due to an exceptional item of ₹114 million related to the new Labour Code on Wages. Employee benefit expenses also saw a significant rise of 16.8% YoY, impacting operating margins. Despite the quarterly profit dip, the nine-month revenue performance remains strong with a 13.8% growth compared to the previous year.
Key Highlights
Revenue from operations grew 7.1% YoY to ₹11,687 million in Q3 FY26.
Net Profit (PAT) decreased by 8.2% YoY to ₹1,212 million from ₹1,321 million.
Recognized a one-time exceptional charge of ₹114 million (net) for gratuity and compensated absences.
Employee benefit expenses rose to ₹2,144 million, up from ₹1,835 million in the year-ago period.
Nine-month revenue for FY26 stands at ₹35,012 million compared to ₹30,751 million in FY25.
💼 Action for Investors
Investors should look past the one-time exceptional hit to PAT and focus on the steady 7-13% revenue growth trajectory. Monitor if the rise in employee benefit expenses persists as a trend affecting long-term margins.
Honeywell Automation Shareholders Approve Director Appointments with Over 99% Majority
Honeywell Automation India Limited (HONAUT) shareholders have approved the appointment of Mr. Jake Morgan Wasserman as a Non-Executive Director and the re-appointment of Dr. Ganesh Natarajan as an Independent Director. Both resolutions were passed with significant majorities of 99.92% and 99.01% respectively. The voting saw a high turnout, with approximately 89.08% of the total share capital represented in the poll. These appointments ensure continuity in the company's board structure and governance.
Key Highlights
Appointment of Jake Morgan Wasserman as Non-Executive Director approved with 99.92% votes in favor.
Re-appointment of Dr. Ganesh Natarajan as Independent Director passed with 99.01% majority.
Total votes polled reached 7,876,029, representing 89.08% of the company's outstanding shares.
The resolutions were conducted via postal ballot through remote e-voting from Jan 1 to Jan 30, 2026.
💼 Action for Investors
The high approval ratings indicate strong shareholder confidence in the board's composition. No immediate action is required as these are routine governance matters.
Honeywell Automation Re-appoints Dr. Ganesh Natarajan as Independent Director for 3-Year Term
Honeywell Automation India Limited (HONAUT) has approved the re-appointment of Dr. Ganesh Natarajan as an Independent Director for a second term of three years. The new term will commence on March 8, 2026, and conclude on March 7, 2029, subject to shareholder approval. Dr. Natarajan is a highly experienced leader, having previously served as the Chairman of NASSCOM and CEO of Zensar, where he scaled the business from 300 to 3,000 crores. His continued presence on the board provides stability and strong strategic oversight for the company.
Key Highlights
Re-appointment of Dr. Ganesh Natarajan for a second term of 3 consecutive years.
New term effective from March 8, 2026, to March 7, 2029.
Dr. Natarajan has a proven track record of scaling Zensar from 300 to 3,000 crores.
He holds a PhD from IIT Bombay and is an alumnus of Harvard Business School.
💼 Action for Investors
Investors should view this as a positive move for corporate governance and leadership continuity. No immediate action is required as this is a routine re-appointment of a high-caliber board member.