Hero MotoCorp Limited has made a regulatory disclosure regarding dividend payments that were withheld due to incorrect bank account details, following new SEBI regulations that mandate electronic-only dividend payments.

Regulatory Compliance and New Requirements

The company filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 10, 2026. The disclosure relates to amendments in SEBI regulations that became effective from November 19, 2025, which discontinued the provisions allowing dividend payments through 'payable-at-par' warrants or cheques. Under the new framework, all dividend payments must be remitted compulsorily through electronic mode only.

Transaction Rejection and Withholding Details

Hero MotoCorp attempted to remit dividends electronically using bank account details available in the records of the Company's Registrar and Transfer Agent (RTA). However, several transactions were rejected by the banking system, resulting in dividend payments being withheld for affected shareholders.

The company has provided affected shareholders with detailed information about their withheld dividends:

Resolution Process for Affected Shareholders

Shareholders whose dividends have been withheld are required to take immediate action to receive their payments. The company has outlined specific steps for different categories of shareholders:

• Dematerialized shares: Update bank account details with Depository Participant
• Physical shares: Update details with Company's RTA
• Notification: Inform KFin Technologies Limited after updating details

The RTA contact details provided are KFin Technologies Limited, Unit: Hero MotoCorp Limited, located at Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Serilingampally, Rangareddy, Telangana, Hyderabad – 500032, with email contact at einward.ris@kfin-tech.com .

Electronic Payment Mandate

The disclosure emphasizes that withheld dividends will be released only in electronic mode once shareholders update their bank account details and send confirmation to the Company's RTA. This reflects the strict compliance requirements under the amended SEBI regulations that eliminate physical payment methods for dividends.

The company has also advised shareholders to consider converting their physical holdings to dematerialized form to eliminate risks associated with physical shares and for ease of holding. Company Secretary & Compliance Officer Prabhat Singh signed the disclosure digitally on March 10, 2026.

Hero MotoCorp Limited has announced its participation in an upcoming investor conference, informing stock exchanges about the scheduled event in compliance with regulatory requirements.

Conference Details

The company disclosed its participation in the JP Morgan India Forum through a formal communication to the National Stock Exchange of India and BSE Limited on March 3, 2026. The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure was signed digitally by Prabhat Singh, Company Secretary & Compliance Officer, on March 3, 2026. The company emphasized that the conference schedule remains subject to change due to business exigencies or other circumstances.

Communication to Exchanges

Hero MotoCorp formally notified both major Indian stock exchanges about the investor conference. The communication was addressed to the Assistant Vice President of the Listing Department at NSE and the Secretary at BSE Limited, ensuring compliance with disclosure requirements for listed companies.

The company requested the exchanges to take note of the conference schedule in their records, maintaining transparency with stakeholders regarding upcoming investor engagement activities.