Hero MotoCorp has received favorable appeal orders from the Commissioner of Income Tax (Appeals) - 29, resulting in a substantial reduction of tax demand from ₹177.96 crore to ₹27 crore. The company disclosed this development under Regulation 30 of SEBI Listing Regulations through official communication to stock exchanges.

Appeal Orders and Assessment Years

The company received appeal orders dated March 09, 2026 and March 10, 2026 from CIT(A) - 29 on March 11, 2026. These orders pertain to reassessment proceedings for assessment years 2013-14 to 2017-18 and 2019-20, where Hero MotoCorp had previously filed appeals against the original reassessment orders.

Regulatory Compliance and Disclosure

The development was communicated to both National Stock Exchange of India Ltd. and BSE Limited through a formal letter signed by Company Secretary & Compliance Officer Prabhat Singh. This disclosure follows the company's previous communications dated April 04, 2024 and May 25, 2024 regarding the same matter, ensuring complete transparency with stakeholders.

Company's Strategic Response

Despite the favorable outcome, Hero MotoCorp has outlined its plan to challenge the remaining ₹27 crore tax demand. The company will file appeals for the balance tax demands before higher appellate authorities and submit applications for refunds and demand reductions where applicable, demonstrating its commitment to comprehensive resolution of all tax-related matters.

Financial Relief and Impact

The ₹150.96 crore reduction represents approximately 85% of the original tax demand, providing significant financial relief to the leading two-wheeler manufacturer. This substantial decrease in tax liability improves the company's financial position and reduces contingent liabilities, potentially enhancing cash flow and operational flexibility.

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.