NSEAction(s) taken or orders passed8 Sept 2026 · 8 Sept 2026, 03:40 pm
Action(s) taken or orders passed
Hero MotoCorp Limited · HEROMOTOCO
✦ AI SummaryRegulatory
Hero MotoCorp Limited has received an order from Employees' State Insurance Corporation (ESIC) to refrain from releasing funds amounting to Rs. 4.80 crore (approx.) from its bank accounts, alleging non-payment of outstanding arrears totaling Rs. 3.19 crore (approx.). The company has filed an appeal against the order and claims that it is unsustainable and unlikely to have a material impact on its financials, operations, or other activities.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the attached disclosure document.
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HEROMOTO_08092026154000_STXIntimationESICProhibitoryOrder.pdf
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; Hero
September 8, 2026
Asst. Vice President, Listing Deptt., The Secretary,
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, Plot C-1, Block G, 25th Floor,
Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Dalal Street,
Mumbai - 400 051 Mumbai - 400 001
Scrip Code: HEROMOTOCO Scrip Code: 500182
Subject : Disclosure under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Dear Sir / Madam,
Pursuant to the provisions of Regulation 30 read with Schedule III of the Listing Regulations,
we wish to inform that the Company has on September 7, 2026, received order(s) dated
September 3, 2026 from Employees’ State Insurance Corporation, Gurugram, Haryana,
marking a lien of Rs. 4.80 crore (approx.) in few bank account(s) of Hero MotoCorp Limited
(“the Company”). The amount under the order stands paid.
The Company is in the process of taking appropriate steps, including filing of appeals.
The details of the above said orders as required under Regulation 30 of the Listing
Regulations, are attached herewith as Annexure – A.
This is submitted for your information and further dissemination.
Thanking you,
For Hero MotoCorp Limited,
Prabhat Singh
Company Secretary & Compliance Officer
Encl.: As above
Hero MotoCorp Ltd.
Regd. Office: The Grand Plaza, Plot No.2, NeLson MandeLa Road, Vacant Kunj - Phase -II, New Delhi - 110070, India
Tel. +91-11-46044220, Fax +91-11-46044399 Email: corporate.communicationfaheromotocorp.com I www.heromotocorp.com CI N: L35911 DL19B4PLC017354
; Hero
Annexure – A
1 Name of the authority Employees’ State Insurance Corporation, Gurugram,
Haryana (“ESIC”)
2 Nature and details of the An order has been issued to few banks where the
action(s) taken, initiated or Company maintains bank accounts, directing them to
order(s) passed refrain from releasing funds amounting upto Rs. 4.80
crore (approx.) until further orders.
3 Date of receipt of direction or The order(s), which were issued to the bank(s), were
order, including any ad-interim subsequently forwarded by the bank(s) to the
or interim orders, or any other Company on September 7, 2026.
communication from the
authority
4 Details of the ESIC has alleged that the Company has failed to settle
violation(s)/contravention(s) outstanding arrears totaling Rs. 3.19 crore (approx.)
committed or alleged to be under Certificate(s) no. 6900xxxxxxxxx0704, dated
committed November 12, 2018. The total alleged liability
specified in the order(s) stands at Rs. 4.80 crore
(approx.) (including interest, and costs and charges).
5 Impact on financial, operation or The amount under the order(s) stands paid. The
other activities of the listed Company has filed appeal against the order(s) with
entity, quantifiable in monetary Court(s)/appellate authorities.
terms to the extent possible
In the opinion of the management, the order(s) are
unsustainable in nature, and is unlikely to have
material impact on financials, operations or other
activities of the Company.
Hero MotoCorp Ltd.
Regd. Office: The Grand Plaza, Plot No.2, NeLson MandeLa Road, Vasant Kunj - Phase -II, New Delhi - 110070, India
Tel. +91-11-46044220, Fax +91-11-46044399 I Email: corporate.communicationfaheromotocorp.com I www.heromotocorp.com CI N: L35911 DL19B4PLC017354