Hero MotoCorp assigned ESG score of 74 by Niche Ninety Nine for FY25-26

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Hero MotoCorp received an ESG score of 74 from Niche Ninety Nine
  • The rating covers financial years FY24-25 and FY25-26
  • Assessment was independent and based on publicly available data
  • Company did not commission the ESG rating provider
  • Disclosure made under SEBI Listing Regulations on September 18, 2026
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Hero MotoCorp has been assigned an ESG score of 74 by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. The rating covers the financial years FY24-25 and FY25-26.

The company received the notification on September 17, 2026, and disclosed it to stock exchanges on September 18, 2026. The rating provider is registered as a 'Category II' ESG ratings agency with SEBI.

Independent Assessment

Hero MotoCorp clarified that it did not commission or engage Niche Ninety Nine for this evaluation. The score was independently derived using publicly available data related to the company's operations during the specified period.

Regulatory Disclosure

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted by Prabhat Singh, Company Secretary & Compliance Officer, to both the National Stock Exchange of India Ltd. and BSE Limited.

Historical Stock Returns for Hero Motocorp

1 Day5 Days1 Month6 Months1 Year5 Years
-0.74%+0.10%-8.00%-1.30%-1.21%+80.26%

How might Hero MotoCorp's ESG score of 74 influence its access to green financing or lower cost of capital in upcoming fiscal years?

What specific operational changes is Hero MotoCorp likely to implement to address the gap between its current score and a top-tier ESG rating?

Will this independent ESG assessment impact investor sentiment and stock valuation compared to competitors with higher or lower ratings?

Hero MotoCorp settles ₹4.80 crore ESIC lien on bank accounts

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Hero MotoCorp paid ₹4.80 crore to clear an ESIC lien on its bank accounts
  • The regulator alleged outstanding arrears of ₹3.19 crore from 2018
  • Total liability included interest, costs, and charges
  • Company filed appeals against the order deemed unsustainable
  • Management expects no material impact on operations or financials
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Hero MotoCorp settled a ₹4.80 crore lien imposed by the Employees' State Insurance Corporation (ESIC) on its bank accounts. The payment clears the hold directed by the regulator in Gurugram.

The company received the order on September 7, 2026, dated September 3, 2026. ESIC alleged failure to settle outstanding arrears of ₹3.19 crore under certificates from November 12, 2018. The total liability included interest and costs.

Regulatory Action Details

ESIC issued directions to banks where Hero MotoCorp maintains accounts. The orders instructed them to refrain from releasing funds up to ₹4.80 crore until further notice. The bank subsequently forwarded these communications to the company.

Detail Information
Authority Employees' State Insurance Corporation, Gurugram
Lien Amount ₹4.80 crore (approx.)
Alleged Arrears ₹3.19 crore (approx.)
Order Date September 3, 2026
Receipt Date September 7, 2026

Company Response

Hero MotoCorp confirmed that the amount under the order stands paid. The management considers the orders unsustainable and unlikely to have a material impact on financials or operations. The company is filing appeals against the orders with relevant courts and appellate authorities.

Historical Stock Returns for Hero Motocorp

1 Day5 Days1 Month6 Months1 Year5 Years
-0.74%+0.10%-8.00%-1.30%-1.21%+80.26%

How might Hero MotoCorp's decision to appeal the ESIC orders impact its future compliance costs and legal expenditures?

Could this regulatory dispute signal broader scrutiny of statutory dues across the Indian two-wheeler manufacturing sector?

What are the potential implications for Hero MotoCorp's credit ratings if similar liens or regulatory actions recur in the future?

More News on Hero Motocorp

1 Year Returns:-1.21%