Acquisition

hero July 14, 2026 Asst. Vice President, Listing Dept., 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 Sub.: Compliances under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Re : Outcome of Committee of Directors Meeting held on July 14, 2026 Dear Sir/Madam, The Committee of Directors (“COD”) at its meeting held today viz. July 14, 2026 has considered and approved the additional investment of up to Rs. 1,000 crore (Rupees one thousand crore only) in Ather Energy Limited, an associate company. The COD has approved the subscription of equity shares or other eligible securities representing equity shares or convertible into or exchangeable for equity shares (including compulsorily convertible preference shares, warrants etc.) (“Securities”) of Ather Energy Limited proposed to be issued by it on a preferential allotment basis, in accordance with the provisions of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This subscription of Securities is subject to the receipt of necessary approvals, including from the Board of Directors and Shareholders of Ather Energy Limited. Further to the approval for the investment, the COD has also approved execution of such documents, including a binding expression of interest, as may be necessary in connection with the aforementioned investment. The relevant details of the above said investment as required under Regulation 30 of the Listing Regulations, are attached herewith as an 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, Vasant Kunj - Phase -II, New Delhi - 110070, India Tel. +91-11-46044220, Fax +91-11-46044399 I Email: corporate.communicationfteromotocorp.com I www.heromotocorp.com CIN: L35911 DL1904PLC017354 Hero Annexure A Sr. Particulars 1 Name of the target entity, details in Ather Energy Limited (Ather) brief such as size, turnover etc. Ather is an existing associate company of Hero MotoCorp Limited, and is engaged in the business of designing, manufacturing, selling and servicing of electric two wheelers. Ather also has its own charging infrastructure and is engaged in storage, distribution and management of electric power (including energy in the form of batteries) and other ancillary services. Turnover of Ather for the year ended March 31, 2026 was Rs. 3671.76 crore. 2 Whether the acquisition would fall The transaction entails subscription to equity within related party transaction(s) and shares or other eligible securities representing whether the promoter/promoter equity shares or convertible into or group/ group companies have any exchangeable for equity shares (including interest in the entity being acquired? If compulsorily convertible preference shares, yes, nature of interest and details warrants etc.) (“Securities”) of Ather proposed to thereof and whether the same is done be issued by it on a preferential allotment basis. at “arm’s length” Ather is an associate company of Hero MotoCorp Limited, and hence a related party. No promoter/ promoter group/ group companies of Hero MotoCorp Limited have any interest in the entity in which the additional investment is being made. The transaction is proposed to be made on an arm's length basis. 3 Industry to which the entity being Design and manufacture of smart electric acquired belongs. vehicles and associated charging infrastructure and storage, distribution and management of electric power (including energy in the form of batteries). 4 Objects and impact of acquisition Hero MotoCorp Limited is an existing (including but not limited to, shareholder in Ather and this transaction entails disclosure of reasons for acquisition of subscription of Securities of Ather by way of 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.communicationfteromotocorp.com I www.heromotocorp.com CIN: L35911 DL1904PLC017354 Hero target entity, if its business is outside preferential issue pursuant to the applicable the main line of business of the listed provisions of the Companies Act, 2013 and entity) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. 5 Brief details of any governmental or Hero MotoCorp Limited is not required to obtain regulatory approvals required for the any government or regulatory approval for the acquisition subscription to additional Securities of Ather. 6 Indicative time period for completion Within 15 days from the receipt of the last of the of the acquisition necessary approvals required by Ather. 7 Consideration - whether cash Cash consideration or share swap or any other form and details of the same 8 Cost of acquisition and/or the price at Up to Rs. 1,000 crore in aggregate which the shares are acquired 9 Percentage of shareholding /control The investment is being made in the form of acquired and / or number of shares subscription to additional Securities of Ather for acquired up to Rs. 1,000 crore. Hero MotoCorp Limited, as of June 30, 2026, holds 29.48% (on a fully diluted basis) of the paid-up share capital of Ather. Post the subscription to the additional Securities for up to Rs. 1,000 crore, the increase/decrease in the shareholding of the Company is dependent upon the pricing of the preferential issue and further issuance of securities as may be approved by the Board of Ather 10 Brief background about the entity Ather is a public limited company which was acquired in terms of products/line of incorporated in India on October 21, 2013, and is business acquired, date of listed on BSE Limited and National Stock incorporation, history of last 3 years Exchange of India Limited. It is engaged in the turnover, country in which the business of (a) designing, manufacturing, acquired entity has presence and any producing, selling, servicing, software other significant information (in brief) development, and software management, in relation to electric automobiles and charging infrastructure; and (b) storage, distribution, and management systems, or otherwise all forms of electric power (including energy in the form of batteries) and other ancillary services. It has a wide presence across the country. 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.communicationfteromotocorp.com I www.heromotocorp.com CIN: L35911 DL1904PLC017354 Hero Turnover for the years ended March 31, 2024 was Rs. 1,753.8 crore, March 31, 2025 was Rs. 2,255 crore and March 31, 2026 was Rs. 3671.76 crore. 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.communicationfteromotocorp.com I www.heromotocorp.com CIN: L35911 DL1904PLC017354