Hero MotoCorp Limited’s Board of Directors, in a meeting held on August 6, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced the approval for setting up a new entity under Section 8 of the Companies Act, 2013, to undertake Corporate Social Responsibility (CSR) initiatives. This new company will be a wholly-owned subsidiary of Hero MotoCorp.
Unaudited Financial Results Approved
Hero MotoCorp Limited announced that its Board of Directors met on August 6, 2026, to consider and approve key business matters. Among the primary approvals were the unaudited standalone and consolidated financial results for the first quarter of the financial year 2026-27, which concluded on June 30, 2026. A limited review report has been provided along with the financial statements. A press release detailing these results is also available.
New CSR Subsidiary to be Established
In a significant move towards enhancing its corporate social responsibility efforts, the Board also approved the establishment of a new company. This entity will be incorporated under Section 8 of the Companies Act, 2013, specifically to drive CSR initiatives. The proposed name for this new company is Hero MotoCorp Foundation – A Santosh Munjal Legacy. The company is slated to be incorporated in India and will be a wholly-owned subsidiary of Hero MotoCorp Limited.
Details of the New CSR Entity
The new entity will operate as a non-profit organization. Hero MotoCorp Limited will infuse an initial subscription money of Rs. 1 crore into the foundation. The incorporation of this company is subject to the necessary regulatory approvals, including that of the Central Government or the Ministry of Corporate Affairs. This initiative underscores Hero MotoCorp’s commitment to social welfare and community development.
Board Meeting Conduct
The Board meeting commenced at 03:00 p.m. and concluded at 07:45 p.m. on the same day.
Source: BSE
