NSEChange in Management3d ago · 17 Aug 2026, 09:00 am

Change in Management

Hero MotoCorp Limited · HEROMOTOCO

✦ AI SummaryMgmt Change

Hero MotoCorp Limited has announced the appointment of Mr. Srihari Mulgund as the Chief Strategy Officer, effective August 17, 2026. Mr. Mulgund brings over 24 years of experience across engineering, product development, and strategy planning in the global automotive sector.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
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 disclosure document regarding change in management.

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HEROMOTO_17082026084731_STXIntimation.pdf

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; Hero August 17, 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 Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam, Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that Mr. Srihari Mulgund has been appointed as the Chief Strategy Officer of Hero MotoCorp Limited w.e.f. Monday, August 17, 2026. The requisite details as per Listing Regulations, is enclosed herewith as Annexure A. This is for your information and 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, 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 Reason for change Appointment of Mr. Srihari Mulgund as Chief Strategy Officer viz. appointment, of the Company w.e.f. Monday, August 17, 2026. Following his re-appointment, appointment, Mr. Mulgund will join the Leadership Team of resignation, removal, Hero MotoCorp Limited and will be designated as Senior death or otherwise Management under the Listing Regulations. 2 Date of appointment / re-appointment / cessation (as applicable) & term of appointment/ re- 3 Bapripeof ipnrtomfielne t( in case of Mr. Srihari Mulgund brings over 24 years of experience across appointment) engineering, product development, and strategy planning within the global automotive sector. Having worked extensively across the USA, Japan, China, and India, he has developed deep cross-cultural expertise and a strong understanding of diverse automotive markets. Prior to joining Hero MotoCorp, he was a Partner at EY-Parthenon, where he led high-impact strategic engagements across EV, battery, ICE, supply value chain and new-age mobility ecosystem. His prior experience also includes key roles at Aisin AW, FEV Inc. and serving as President of Ricardo Strategic Consulting, India. Srihari has authored thought-leadership papers related to battery swapping, software-defined vehicles, alternate battery chemistry, and hydrogen ICE technologies. Combining deep industry knowledge with a strong understanding of technology, market dynamics, and value creation, he will play a pivotal role in shaping and advancing our forward-looking strategic initiatives including our House of Strategy. Srihari holds a Bachelor's degree in Mechanical Engineering from the National Institute of Engineering, Mysore, an MS from the University of Toledo, and an MBA from the University of Michigan, Ann Arbor. 4 Disclosure of Not Applicable relationships between directors (in case of appointment of a director) 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