General Updates

Hero June 24, 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.: Grant of Restricted Stock Units (RSUs) / Performance Restricted Stock Units (PRSUs) to employees Dear Sir / Madam, This is to inform you that the Nomination & Remuneration Committee (NRC) of the Company at its meeting held today viz. June 24, 2026, has approved the grant of: 1) 48,000 RSUs (A) at face value of Rs. 2/- per unit vesting in three years in the ratio of 33.33%:33.33%:33.34% to certain eligible employees of the Company. 2) 4,056 RSUs (B) at face value of Rs. 2/- per unit vesting in four years in the ratio of 25%:25%:25%:25% to certain eligible employees of the Company. 3) 75,000 PRSUs at face value of Rs. 2/- per unit vesting after completion of three years to certain eligible employees of the Company. The brief details of the RSUs and PRSUs granted, as required to be mentioned under Regulation 30 of the Listing Regulations are provided below: S. Particulars Details 1 Brief details of options Grant of 52,056 nos. of RSUs (A & B) and 75,000 granted nos. of PRSUs have been approved by the NRC, to certain eligible employees of the Company. Each RSUs and PRSUs are convertible into one equity shares of the Company, subject to compliance of the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021 (“SEBI (SBEB) Regulation, 2021”) , as amended from time to time and the Company’s Employee Incentive Scheme 2014 (“Scheme”) 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 2 Whether the scheme is in Yes, the Scheme is in terms of SEBI (SBEB) terms of SEBI (SBEB) Regulations, 2021. Regulation, 2021 (if applicable) 3 Total number of shares A total of 1,27,056 equity shares of face value of Rs. covered by these options 2/- each (Each RSUs and PRSUs are convertible into equal nos. of equity shares) 4 Pricing formula The exercise price for the RSUs and PRSUs shall be at the face value of the equity shares of the Company, i.e. at Rs. 2/-. 5 Options vested Not Applicable 6 Time within which option The vesting of the aforesaid RSUs shall commence may be exercised from the end of first year, from the date of grant. For RSUs(A) the vesting shall be done in three years in the ratio of 33.33%:33.33%:33.34% & RSUs(B) the vesting shall be done in four years in the ratio of 25%:25%:25%:25%. The aforesaid RSUs can be exercised within 24 months from the date of vesting. Whereas vesting of PRSUs shall commence after completion of three years from the date of Grant and can be exercised within 24 months from the date of vesting. 7 Options exercised Not Applicable 8 Money realized by exercise of options 9 The total number of shares arising as a result of exercise of option 10 Options lapsed 11 Variation of terms of options 12 Brief details of significant The RSUs & PRSUs are convertible into one equity terms share of the Company each upon vesting, subject to the compliance of the SEBI (SBEB) Regulations, 2021 as amended from time to time and in terms of the Scheme. The vesting of the aforesaid RSUs shall commence from the end of first year, from the date of grant. The vesting of RSUs (A) shall be done in three years in the ratio of 33.33%:33.33%:33.34% & The vesting of RSUs (B) shall be done in four years in the ratio of 25%:25%:25%:25%. The aforesaid RSUs can be exercised within 24 months from the date of vesting. Whereas vesting of PRSUs shall commence after completion of three years from 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 the date of Grant and can be exercised within 24 months from the date of vesting. 13 Subsequent changes or Not Applicable cancellation or exercise of such options 14 Diluted earnings per share pursuant to issue of equity shares on exercise of options Kindly take the same on your records. Thanking you, For Hero MotoCorp Limited, Prabhat Singh Company Secretary & Compliance Officer 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