Hero MotoCorp Limited held a Board Meeting on August 6, 2026, which commenced at 03:00 p.m. and concluded at 07:45 p.m. The following matters were considered and approved:
1. Financial Results Approval
The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were accompanied by a limited review report. A press release was issued in this regard.
2. Establishment of Section 8 Company for CSR Initiatives
The Board approved the setting up of a company under Section 8 of the Companies Act, 2013, to undertake Corporate Social Responsibility initiatives.
Details of the proposed entity:
- Proposed Name: Hero MotoCorp Foundation - A Santosh Munjal Legacy
- Country of incorporation: India
- Status: Proposed to be incorporated (subject to regulatory approvals)
- Relationship with listed entity: Upon incorporation, the company will be a wholly-owned subsidiary of Hero MotoCorp Limited (HMCL)
- Industry: Non-profit organisation
- Purpose: To undertake Corporate Social Responsibility initiatives
- Regulatory approvals required: Approval of the Central Government / Ministry of Corporate Affairs for incorporation under Section 8 of the Companies Act, 2013
- Consideration: Cash consideration
- Cost of subscription: HMCL will infuse an initial subscription money of ₹1 crore
- Shareholding: 100% wholly-owned subsidiary of HMCL
The disclosure is made pursuant to SEBI Listing Regulations.