Acquisition

it Hero October 28, 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: Compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Re.: Outcome of Board of Directors Meeting held on October 28, 2026 Dear Sir / Madam, Please note that the following matters were considered and approved at the Board of Directors meeting held today i.e. October 28, 2026: 1. The unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. A copy of the said results along with the limited review report, is enclosed. A press release issued in this regard, is also enclosed- Annexure-1. 2. Additional investment of up to INR 300 Crore (Rupees Three Hundred Crore) in HMCL Netherlands B.V., a wholly-owned subsidiary of the Company, in one or more tranches, for the purpose of further investment in its subsidiary companies viz. HMCL Colombia S.A.S and Hero MotoCorp Do Brasil Ltda. The relevant details of the above said investment as required under Regulation 30 of the Listing Regulations are attached herewith as Annexure-2. The meeting of the Board of Directors commenced at 02:30 p.m. and concluded at 5:30 p.m. Kindly take the aforesaid information on your records. 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 1 Email: corporate.communicationfteromotocorp.com 1 www.heromotocorp.com CIN: L35911 DL1904PLC017354 Hero Annexure-2 Sl. Particular Description 1 Name of the target entity, details in HMCL Netherlands B.V. (‘HNBV’) is a wholly owned subsidiary of Hero brief such as size, turnover etc. MotoCorp Limited (HMCL), incorporated in the Netherlands as a private company with limited liability under the laws of The Netherlands with the primary objective of investing into step down subsidiaries viz. HMCL Colombia S.A.S., HMCL Niloy Bangladesh Limited and Hero MotoCorp Do Brasil Ltda. Turnover of HNBV for the financial year ended March 31, 2026 was NIL, and turnover of its subsidiaries, HMCL Colombia S.A.S and HMCL Niloy Bangladesh Limited was Rs. 1,656 crore and Rs. 826 crore, respectively. 2 Whether the acquisition would fall The transaction entails additional investment in a wholly owned within related party transaction(s) subsidiary company, a related party. and whether the promoter/ promoter group/ group companies None of the promoter/ promoter group/ group companies have any have any interest in the entity being interest in HNBV. acquired? If yes, nature of interest and details thereof and whether the The transaction is proposed to be made on an arm's length basis. same is done at “arm’s length” 3 Industry to which the entity being The subsidiaries of HNBV viz. HMCL Colombia S.A.S. and Hero MotoCorp acquired belongs. Do Brasil Ltda are in the business of manufacturing, sale and distribution of two-wheelers, accessories and parts thereto. 4 Objects and impact of acquisition The proposed additional investment is for the subsidiary companies of (including but not limited to, HNBV viz. HMCL Colombia S.A.S. and Hero MotoCorp Do Brasil Ltda. disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) 5 Brief details of any governmental or None regulatory approvals required for the acquisition 6 Indicative time period for Investment to be made over coming 2 years in one or more tranches completion of the acquisition 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 Additional investment upto INR 300 Crore or an equivalent amount of at which the shares are acquired foreign currency. 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 1 Email: corporate.communicationfteromotocorp.com 1 www.heromotocorp.com CIN: L35911 DL1904PLC017354 Hero 9 Percentage of shareholding / There will be no change in the percentage of shareholding held by HMCL control acquired and / or number of in HNBV. Post this investment, HNBV shall continue to be a wholly owned subsidiary of HMCL. shares acquired 10 Brief background about the entity HNBV is a wholly owned subsidiary of HMCL, incorporated in the acquired in terms of products/line Netherlands as a private company with limited liability under the laws of of business acquired, date of The Netherlands with the primary objective of promoting overseas incorporation, history of last 3 years investments. turnover, country in which the acquired entity has presence and Turnover of HMCL Colombia S.A.S., HMCL Niloy Bangladesh Limited and any other significant information (in Hero MotoCorp Do Brasil Ltda in the last three financial years is as under: brief) HNBV  March 31, 2026: NIL  March 31, 2025: Rs. 3.80 crore  March 31, 2024: Rs. 4.05 crore HMCL Niloy Bangladesh Limited  March 31, 2026: Rs. 826 crore  March 31, 2025: Rs. 562 crore  March 31, 2024: Rs. 436 crore HMCL Colombia S.A.S.  March 31, 2026: Rs. 1,656 crore  March 31, 2025: Rs. 672 crore  March 31, 2024: Rs. 413 crore Hero MotoCorp Do. Brasil Ltda : Yet to commence business 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 1 Email: corporate.communicationfteromotocorp.com 1 www.heromotocorp.com CIN: L35911 DL1904PLC017354