Eicher Motors Limited has dispatched letters to shareholders whose email addresses are not registered with the company, its Registrar and Share Transfer Agent (RTA), or Depository Participants, providing web-links to the Notice of its 44th Annual General Meeting (AGM) and the Integrated Annual Report for FY26. The filing, made pursuant to Regulation 30 and Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensures all shareholders can access the documents despite the lack of electronic contact details. The AGM is scheduled for August 20, 2026.

Shareholder Communication and Voting Timeline

The company confirmed that the Notice and Annual Report are available electronically for members with registered emails. For those receiving physical letters, the documents can be accessed via the company’s website at www.eicher.in under the Investors section. The filings are also hosted on the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL.

Key dates for the 44th AGM and e-voting process are as follows:

Shareholders holding shares in physical form or wishing to update their communication details are advised to contact the RTA, MUFG Intime India Private Limited, or their respective Depository Participant.

Financial Highlights in FY26 Report

The Integrated Annual Report for FY26 reveals record consolidated revenue from operations of ₹23,408 Crores, a 24% year-on-year increase from ₹18,828 Crores in FY25. Consolidated Net Profit After Tax (PAT) rose 16.5% to ₹5,515 Crores. EBITDA grew 23% to ₹5,785 Crores, though the margin contracted slightly to 24.7% from 25% in the previous year.

On a standalone basis, revenue reached ₹22,699.73 Crores, up 23% from ₹18,451.46 Crores. Standalone PAT was ₹5,040.82 Crores. The Board has recommended a final dividend of ₹82 per equity share, subject to shareholder approval at the AGM.

Operational Updates: Royal Enfield and VECV

Royal Enfield sold 12,27,977 motorcycles in FY26, a 22% increase, maintaining an 86.8% market share in India’s mid-size segment. International exports grew 23% to 1,20,634 units. The brand launched its first electric motorcycle, the Flying Flea C6, in April 2026.

VE Commercial Vehicles Limited (VECV) crossed the 1,00,000-unit sales milestone with 1,03,404 trucks and buses sold, a 14.7% growth. VECV retained its leadership in the Light and Medium Duty truck segment with a 34.9% market share. The joint venture contributed ₹798 Crores to Eicher Motors’ profit share.

Governance and Corporate Actions

The AGM will address several key governance matters, including the appointment of Vinod Kumar Aggarwal as Executive Vice Chairman effective May 21, 2026. Shareholders will also approve material related party transactions between VECV and Volvo Group India Private Limited for FY27, capped at ₹4,000 Crores. Additionally, the remuneration of Jyothi Satish & Co. as Cost Auditor for FY26 will be ratified.

Eicher Motors Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year April 1, 2025 to March 31, 2026, with BSE Limited and the National Stock Exchange of India Limited, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report forms part of the company's Integrated Annual Report for FY 2025-26 and has been prepared on a standalone basis. Independent reasonable assurance on BRSR Core parameters was conducted by DNV Business Assurance India Pvt. Ltd., covering the company's four manufacturing plants at Cheyyar, Oragadam, Vallam Vadagal, and Tiruvottiyur, along with the Global Headquarters in Chennai.

Company Overview and Operations

Eicher Motors is engaged in the manufacturing and sales of motorcycles, accessories, and associated products under its flagship brand, Royal Enfield. Motorcycles (NIC Code 3091) account for 85.5% of total turnover, with exports contributing 12.3% of total turnover. The company operates across Pan-India (28 States) and in 80+ countries internationally. Its global retail presence includes 356 exclusive stores and more than 869 multi-brand outlets (MBOs) outside India.

The company's paid-up capital stands at ₹ 27.43 Crores, with a turnover of ₹ 22,700 Crores and a net worth of ₹ 21,808 Crores as reported for CSR applicability purposes.

Workforce and Inclusion

As at the end of FY 2025-26, the company employed a total of 3,506 employees (3,321 permanent and 185 other than permanent) and 19,949 workers (1,981 permanent and 17,968 other than permanent). Female representation stood at 10% of total employees and 22% of total workers. Women constituted 12.5% of the Board of Directors (1 out of 8) and 33.3% of Key Management Personnel (1 out of 3).

Gross wages paid to females as a percentage of total wages was 6.51% in FY 2025-26, compared to 6.46% in FY 2024-25. The return-to-work and retention rates for permanent employees and workers who took parental leave were 100% across both male and female categories.

Environmental Performance

The company's verified environmental metrics for FY 2025-26 reflect significant progress across key sustainability parameters. Renewable sources accounted for 92% of electricity used in Royal Enfield operations during the financial year, and the company achieved a water positivity ratio of 3.2 (unaudited) across all facilities. All manufacturing units operate as Zero Liquid Discharge (ZLD) facilities, with treated water reused for irrigation, heating, cooling, and other operational purposes.

The following table summarises the independently verified BRSR Core environmental data for FY 2025-26:

Waste Management

Total waste generated across the company's facilities in FY 2025-26 was 8,797.19 MT. Of this, 7,040.93 MT was recovered through recycling. The company has achieved zero waste to landfill status and operates under an ISO 14001:2015 certified environmental management system.

Energy Conservation Initiatives

The company undertook multiple energy efficiency projects during FY 2025-26, including:

• Energy savings of approximately 12.88 Lakhs kWh through paint shop improvements, jig and line optimisation, pneumatic-to-electrical movement conversion, VFD implementation, LED lighting replacement, and related process optimisation projects
• Approximately 3.30 Crores kWh of renewable energy generated through a 22 MWp offsite Group Captive Power project
• Approximately 36.87 Lakhs kWh generated or saved through rooftop solar installations, including 75 kWp at the Head Office and 3 MWp across Oragadam, Vallam Vadagal, and Cheyyar plants
• LPG savings of 2.71 MT during FY 2025-26 through various energy conservation projects
• An additional 10 MWp Group Captive Solar project is currently underway

Employee Safety and Well-being

The company recorded zero fatalities and zero high-consequence work-related injuries in FY 2025-26. Total recordable work-related injuries stood at 2, with a Lost Time Injury Frequency Rate (LTIFR) of 0.05 per one million person-hours worked. Well-being expenditure as a percentage of total revenue was 0.11% in FY 2025-26, compared to 0.14% in FY 2024-25.

All four manufacturing facilities, the spare parts warehouse, and the corporate headquarters are covered under an ISO 45001-certified Occupational Health and Safety Management System. Health and safety practices and working conditions were assessed at 100% of plants and offices during the year.

Sustainable Sourcing and Supply Chain

Approximately 73.5% of total direct materials in FY 2025-26 were sourced from suppliers within a 500-km radius. Additionally, 92% of parts were supplied using returnable green packaging. The company's supplier ESG assessment revealed that 80.6% of suppliers by purchase value use renewable energy, 80.1% are certified to ISO 14001 Environmental Management System standards, and 74.0% are certified to ISO 45001 Occupational Health and Safety Management System standards.

Input material sourced directly from MSMEs/small producers accounted for 15.68% of total purchases, while 89.45% was sourced directly from within India. Accounts payable days stood at 64 in FY 2025-26, compared to 73 in FY 2024-25.

CSR and Community Engagement

The company's Social Mission, focused on the Indian Himalayan Region, has directly engaged with 78+ Himalayan communities across 13 aspirational districts, impacting approximately 1 Lakh people, with more than 85% from vulnerable and marginalised groups. The company also reached more than 23 Lakhs people as secondary beneficiaries through its Social Mission.

CSR spending in designated aspirational districts during FY 2025-26 is detailed below:

The company's key CSR programmes and their primary beneficiaries include:

Governance and Policy Framework

The Risk Management Committee of the Board holds the highest oversight responsibility for the company's Business Responsibility and Sustainability initiatives, supported by the ESG Council comprising the Managing Director, Chief Financial Officer, and CSR Head. All nine NGRBC principles are covered by Board-approved policies, which have been translated into procedures and extended to value chain partners.

The company holds the following internationally recognised management system certifications:

• ISO 9001:2015 – Quality Management System
• ISO 14001:2015 – Environmental Management System
• ISO 45001:2018 – Occupational Health and Safety Management System
• ISO 50001:2018 – Energy Management System

The company reported no instances of data breaches, no product recalls on account of safety issues, no anti-competitive conduct, and no fines or penalties from regulatory or law enforcement agencies during FY 2025-26. Sales to dealers and distributors accounted for 99% of total sales, with 1,074 dealers/distributors, and the top 10 dealers/distributors accounting for 7.40% of total dealer sales.