Meeting Details

The 27th Annual General Meeting of Hero Motors Limited was held on Wednesday, September 30, 2026, at 2:30 PM IST. The meeting concluded at 3:00 PM IST. The meeting was conducted through physical mode at the following location: Plot No. A-01, Hi-tech Cycle Valley, Village Dhanansu, Ludhiana-141112, Punjab.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed for shareholder approval:

1. Item No. 1: To adopt, consider and adopt: a) The Audited Standalone Financial Statements for FY ended March 31, 2026, with reports of the Board and Auditors; and b) The Audited Consolidated Financial Statements for FY ended March 31, 2026, with the Auditors' report.

2. Item No. 2: To appoint Mr. Keshav Mishra as a Director liable to retire by rotation.

3. Item No. 3: To ratify the remuneration to be paid to M/s. Ramanath Iyer & Co., Cost Accountants (Cost Auditors of the Company).

4. Item No. 4: To consider and approve the appointment of M/s. Neelam Gupta & Associates, Company Secretaries, as Secretarial Auditors of the Company for a period of five consecutive years commencing from FY 2026-27 till FY 2030-31.

Voting Process

The voting process combined remote e-voting and physical ballot paper voting at the AGM.

  • Remote e-voting was facilitated by KFin Technologies Limited. The voting period commenced on Sunday, September 27, 2026, at 09:00 AM IST and ended on Tuesday, September 29, 2026, at 05:00 PM IST.
  • Physical ballot paper voting was conducted at the AGM venue for members present.
  • The record date for determining members eligible to vote was Wednesday, September 23, 2026. The total number of shareholders on the record date was 242,256.

Key Voting Outcomes

Overall Results

All four resolutions were passed with near-unanimous approval.

| Resolution | Total Valid Votes | Votes in Favour | Votes Against | % in Favour |

| 1 | 32,09,46,387 | 32,09,46,209 | 178 | 100% |

| 2 | 31,99,46,387 | 31,99,46,209 | 178 | 100% |

| 3 | 32,09,46,387 | 32,09,46,209 | 178 | 100% |

| 4 | 32,09,46,387 | 32,09,46,209 | 178 | 100% |

  • A total of 275 invalid votes were recorded across all resolutions due to a technical issue in the ballot utility, all from the Public - Non Institutions category.
  • For Resolution 2, an additional 10,00,000 votes were abstained by one member from the Public - Non Institutions category and were not considered valid votes.

Participation Breakdown by Shareholder Category

Total Paid-up Equity Share Capital: Rs. 4,54,21,55,760 divided into 45,42,15,576 equity shares of Rs. 10 each.

Resolution 1 Breakdown (Adoption of Financial Statements):

  • Promoter & Promoter Group: Held 25,43,69,085 shares. Voted 23,62,05,892 shares (92.86% of their holding). 100% votes in favor.
  • Public Institutions: Held 5,10,48,674 shares. Voted 0 shares.
  • Public - Non Institutions: Held 14,87,97,817 shares. Voted 8,47,40,495 shares (56.95% of their holding). 99.9998% votes in favor (8,47,40,317 votes) and 0.0002% against (178 votes).
  • Total Votes Polled: 32,09,46,387 (70.66% of total outstanding shares).

Physical Attendance:

  • Promoters and Promoter Group: 7 members present.
  • Public: 49 members present.
  • No members attended via video conferencing.

Scrutinizer's Role and Findings

  • Mr. Abhishek Lamba of M/s. CL & Associates, Company Secretaries (Firm), was appointed as the Scrutinizer by the Board on September 08, 2026.
  • His responsibility was to scrutinize the remote e-voting and physical ballot voting process and report on the votes cast.
  • The remote e-voting data was unblocked by the Scrutinizer on September 30, 2026, after the conclusion of the AGM, in the presence of two independent witnesses, Mr. Raman and Mr. Roni Soni.
  • The Scrutinizer's report, dated October 01, 2026, confirmed that all resolutions were passed with the requisite majority. The electronic data and relevant records were handed over to the Company Secretary for preservation.

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 108 of the Companies Act, 2013.
  • Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The company published advertisements in "Financial Express" (English), "Jansatta" (Hindi), and "Daily Suraj" (Punjabi) on September 09, 2026, regarding the dispatch of the notice and e-voting details.

Other Relevant Information

Appointment of Secretarial Auditors: The appointment of M/s. Neelam Gupta & Associates (Firm Registration No. S2006DE086800) as Secretarial Auditors for a 5-year term from FY2026-27 to FY2030-31 was approved. The firm is described as a peer-reviewed proprietary firm established in 2005 with over 42 years of combined professional experience in company law, corporate affairs, secretarial audit, and regulatory compliances.