General Updates

Hero June 30, 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 Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Re: E-mail to shareholders intimating about deduction of tax at source (TDS) on Final Dividend for FY 2025-26 Dear Sir/Madam, Please find enclosed a specimen of the e‐mail which has been sent to the shareholders today, viz. June 30, 2026, whose email addresses are registered with their Depository / Registrar and Share Transfer Agent, intimating about the applicable provisions of the Income-tax Act, 2025, relating to the TDS on the Final Dividend for FY 2025-26, if approved by the Members of the Company at the ensuing Annual General Meeting and the procedures to be followed by the Members for submission of relevant forms, documents, etc. in this regard. This is 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 SPECIMEN ei Hero VIDA Hero MotoCorp Limited Registered Office: The Grand Plaza, Plot No. 2, Nelson Mandela Road, Vasant Kunj - Phase - II, New Delhi - 110 070, India CIN: L35911DL1984PLC017354 Phone: +91-11-46044220 Fax: +91-11-46044399 Email: secretarialho@heromotocorp.com; Website: www.heromotocorp.com Ref: Folio/ DP ID & Client ID: Name of the Shareholder : Dear Shareholder, The Board of Directors ('the Board') of your Company at its meeting held on May 5, 2026, had recommended a final dividend @3,750% i.e. Rs. 75/- per equity share having a nominal value of Rs. 2/- each for the Financial Year ('FY') ended March 31, 2026. The dividend, as recommended by the Board, if declared at the ensuing Annual General Meeting ('AGM'), will be paid to shareholders whose name appear on the Register of Members/ depository(ies) records as on July 24, 2026 (Record Date). The dividend will be paid to eligible shareholders within 30 days of the date of its declaration. As you may be aware, in terms of the provisions of the Income-tax Act, 2025 ('the Act') read with relevant Income-tax Rules, 2026 ('the Rules'), dividend declared and paid by a Company on or after April 1, 2026 shall be taxable in the hands of the Shareholders. The Company will, therefore, be required to deduct tax at source ('TDS') for Tax Year (TY) 2026-27 on the distribution of dividend income to its shareholders at the applicable rates as per the provisions of the Act as follows: I. FOR RESIDENT SHAREHOLDERS: For resident shareholders, the tax will be deducted at source under Section 393(1) (Table: Sl. No. 7) read with section 393(4) (Table: Sl. No. 10) of the Act @ 10% on the amount of dividend payable, provided a valid Permanent Account Number ('PAN') is submitted by the shareholder. Shareholders are requested to update their PAN, if not already done, with the depositories (in case of shares held in Demat mode) and with the Company's Registrar and Transfer Agent ('RTA) - KFin Technologies Limited (in case of shares held in physical mode). In absence of valid PAN or if PAN is not linked with Aadhaar, the taxes would be deducted @ 20% as per Section 397 of the Act. A. Resident individual shareholders: 1. Shareholder holds a valid Permanent Account Number ("PAN") a. No tax shall be deducted on the dividend payable to resident individuals, if - i. Total dividend distributed or paid or likely to be distributed or paid by the Company to the shareholder during the Tax Year ('TY') 2026-27 does not exceed Rs. 10,000/-. In other words, if the aggregate dividend (viz. all dividends like, final, interim, special, etc., already paid or likely to be paid, put together) exceeds Rs. 10,000/- during the TY 2026-27, tax will be deducted on the aggregate amount including dividend paid already, if any, from the dividend being paid now; ii. The Shareholder, being an individual provides a valid declaration in Form 121 - Part A provided all the required eligibility conditions are being met. Please note that all fields are mandatory to be filled up and the Company may at its sole discretion reject the form if it does not fulfil the requirements of law. As per Section 397(2) of the Act, the Form 121 would not be valid if it does not contain valid PAN or if the PAN is not linked with Aadhaar within the stipulated timelines of the Shareholder making the declaration. Blank Form 121* can be downloaded from the link given at the end of this communication or from the website of the Company viz. https://www.heromotocorp.com/en- in/company/investors/shareholder-resources.html?key1=downloads#menu625893144 or from website of income tax https://www.incometaxindia.gov.in/income-tax-forms-2026. Note 1: With the Income-tax Act, 2025 and the Income-tax Rules, 2026 coming into effect from April 1, 2026, a single form, Form 121, has been prescribed in place of the erstwhile Forms 15G and 15H. Accordingly, individual shareholders are requested to submit Form 121 for the TY 2026-27. Please note that any declaration submitted in the erstwhile Forms 15G/15H will not be accepted for the TY 2026-27 as per the provisions of the New IT Act. 2. In case, shareholders do not have PAN/ have invalid PAN/ PAN is not linked with Aadhar (inoperative PAN)/not registered their valid PAN details in their account, TDS at a higher rate of 20% shall be applicable as per section 397(2) of the Act, irrespective of threshold of Rs. 10,000/-. 3. Shareholders are advised to link Aadhaar number with PAN as required under Section 262(6) of the Act, read with rule 162 of the Rules. If any PAN is found to have not been linked with Aadhaar within the stipulated timelines, then such PAN shall be deemed inoperative, and tax will be deducted at a higher rate under Section 397(2) of the Act. The Company reserves its right to recover any demand raised subsequently on the Company by the Income- tax Department for not informing or providing wrong information to the Company on the applicability of Section 397(2) of the Act. B. Resident Shareholders other than individuals: In case of a certain class of resident shareholders other than individuals who are covered under the provisions of Section 393 of the Act, no tax shall be deducted at source ('nil rate'), provided sufficient documentary evidence thereof, along with exemption notification, if any, as per the relevant provisions of the Act, are submitted to the satisfaction of the Company. This illustratively includes the following: i.Insurance Companies: (Self declaration stating that it qualifies for exemption from tax deduction as per section 393(4) (Table: Sl. No. 10) of the Act and has full beneficial interest with respect to the ordinary shares owned by it along with self-attested copy of PAN card and certificate of registration with Insurance Regulatory and Development Authority (IRDA); ii.Mutual Funds: Self-declaration that they are specified and covered under Schedule VII (Table: Sl. No. 20) or Schedule VII (Table: Sl. No. 21) of the Act along with a self-attested copy of valid PAN card along with certificate of registration with the Securities and Exchange Board of India ("SEBI")/ notification substantiating applicability of Schedule VII (Table: Sl. No. 21) of the Act (self- attested). iii.Alternative Investment Fund ('AIF') established/incorporated in India: Self-declaration that its income is exempt under Schedule V (Table: Sl. No. 1) of the Act and they are governed by SEBI Regulat [Showing first 8,000 characters — download PDF for full document]