Hero MotoCorp Limited has received a GST demand order of ₹4.97 crore from the Additional Commissioner, Central Goods and Services Tax (CGST), Vadodara, Gujarat. The company informed stock exchanges about this development on January 20, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Demand Order Details

The Additional Commissioner issued the order under Section 74 of the Central Goods & Services Tax Act, 2017, and the Gujarat Goods and Services Tax Act, 2017, for the Financial Year 2019-20. The order raises a GST demand of ₹4.97 crore along with an equivalent amount of penalty and applicable interest thereon.

Company's Response and Assessment

Hero MotoCorp has assessed that the tax demand is not maintainable in law under the order. Based on this assessment, the company has decided to take appropriate steps, including filing an appeal against the demand order. The company's Executive Director and Chief Technology Officer, Vikram Kasbekar, signed the regulatory filing submitted to the stock exchanges.

Financial and Operational Impact

According to the company's disclosure, there is no material impact expected on Hero MotoCorp's financials, operations, or other activities. The company maintains that since the tax demand is not legally sustainable, it will not affect the company's business operations or financial performance.

Regulatory Compliance

The company has fulfilled its regulatory obligations by promptly informing both the National Stock Exchange of India Limited and BSE Limited about the GST demand order. This disclosure ensures transparency with shareholders and regulatory authorities regarding potential legal and financial developments that could affect the company.

Hero MotoCorp Ltd. recorded a substantial block trade on the National Stock Exchange (NSE) worth ₹15.38 crores. The transaction represents a significant institutional activity in the automobile sector, highlighting continued investor interest in the two-wheeler manufacturer.

Block Trade Details

The NSE block trade involved specific parameters that demonstrate the scale of the transaction:

Market Significance

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders looking to buy or sell substantial quantities of shares without significantly impacting the stock's market price. These transactions are conducted outside the regular trading mechanism and often indicate strategic investment decisions by major market participants.

The execution price of ₹6,015.00 per share reflects the prevailing market conditions at the time of the transaction. Such large-volume trades in Hero MotoCorp shares suggest continued institutional confidence in the company's market position within the automobile sector.

Transaction Impact

The block trade represents a meaningful transaction volume for Hero MotoCorp, given the substantial value involved. The transaction demonstrates active participation by institutional investors in the company's stock, which is often viewed as an indicator of market sentiment and investor confidence in the company's fundamentals and future prospects.