Summary Body:

Nature of Query:

The company received two separate queries regarding unusual price movement in its securities:

  • BSE email Ref No. L/SURV/ONL/PV/SJ/2026-2027/4338 dated October 01, 2026
  • NSE email Ref No. NSE/CM/Surveillance/17652 dated October 01, 2026

Both exchanges sought clarification on the movement in the price of the company's securities.

Company Response / Clarification:

Hero Motors Limited confirmed that it has disclosed all material information having a bearing on the company's operations/performance to the stock exchanges, including all necessary disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 within stipulated timeframes.

The company stated there is no undisclosed price sensitive information or any impending announcement that should be informed to the stock exchanges at this time that might affect price/volume behavior.

Hero Motors attributed the price movement to typical trading activity for a newly listed security, noting that its equity shares were listed on September 23, 2026. The company characterized the movement as "purely market driven" and potentially attributable to prevailing market conditions. Management explicitly denied any connection with the share price movement.

Regulatory Reference / Compliance:

The response explicitly references compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reaffirmed its commitment to adhere to all compliance requirements under the Listing Regulations and other applicable laws, and will continue making disclosures to stock exchanges as required.

Analyst Perspective / Material Implications:

No material financial or operational implications were disclosed. The company's response indicates the price movement is considered normal post-listing activity rather than reflecting any fundamental change in the business. The disclosure serves primarily to maintain regulatory compliance and address investor concerns about trading volatility.