Hero Motors Limited shareholders approved the adoption of audited financial statements for FY26 and the appointment of new secretarial auditors at the 27th Annual General Meeting held on September 30, 2026.

The meeting, presided over by Chairman Pankaj Munjal in Ludhiana, saw all four proposed resolutions pass with overwhelming support. Voting results declared on October 1, 2026, confirmed that more than 99.99% of valid votes cast were in favour of each resolution.

Governance and Board Updates

The proceedings included key attendees such as Whole Time Director Abhishek Munjal, Managing Director and CEO Amit Gupta, and several independent directors. The Company Secretary and Compliance Officer, Sakshi Dureja, confirmed the requisite quorum was present. The Chairman highlighted the successful listing of the company's equity shares and expressed gratitude to stakeholders for their continued support.

It was noted that the Statutory Auditors and Secretarial Auditors were granted leave of absence due to pre-existing professional commitments. However, the Company Secretary confirmed that there were no qualifications, observations, or adverse remarks in either the Auditors' Report or the Secretarial Audit Report that would negatively impact the company's functioning.

Resolutions Passed and Voting Results

Shareholders considered both ordinary and special business items. Voting was conducted through remote e-voting between September 27 and September 29, 2026, and via ballot papers during the physical meeting. Mr. Abhishek Lamba, Partner at M/s. CL & Associates, served as the scrutinizer.

The following key resolutions were addressed and passed:

The appointment of M/s. Neelam Gupta & Associates as Secretarial Auditors is for a period of five consecutive years, commencing from the financial year 2026-27 till the financial year 2030-31. The firm is a peer-reviewed proprietary firm of Practising Company Secretaries established in 2005.

What the Numbers Show

The voting data reveals a significant concentration of voting power among promoters and institutional investors. Promoters and promoter group members, holding approximately 56% of the total paid-up equity capital, voted nearly 93% of their shares electronically. In contrast, public non-institutional shareholders, who hold about 33% of the equity, participated with roughly 57% of their holdings. The total number of invalid votes across all resolutions remained negligible at 275, indicating high procedural compliance among participating members.

Hero MotoCorp Limited witnessed two additional large-trade signals on the National Stock Exchange, with combined flagged volume of 3,350,204 shares valued at ₹50.52 crore.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Trade details

The system flagged two new clusters of trades at ₹151.30 and ₹149.91. Combined with the previously reported clusters near ₹140, ₹141, ₹152.64, ₹151.53, and ₹151.16, the total flagged volume across all signals stands at approximately 18,503,245 shares, with a combined estimated value of ₹274.13 crore.

The activity is characterised by speed and size rather than confirmed institutional intent. No buyer or seller identity has been established by this signal.

What this signal means

This reflects trade-level activity — a cluster of trades printed within a short window at or near the quoted price, for a combined value as stated. It is generated by a real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal must be executed in the exchange's dedicated window (8:45–9:00 am or 2:05–2:20 pm), within a set price band, and above the current minimum order size of ₹25 crore. A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30 pm. If this trade qualifies as either, it will appear in the exchange's own report later, not here first.

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.