Appointment of Mr. Vinod Kumar Aggarwal as Executive Vice Chairman of the Company

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EICHERMOT · price

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹6912.00

prior close

₹6925.00

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.3%+0.8% vs market

2/3 Wheelers peers, median of 6sector+0.5%+0.6% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty 100 and 0.6 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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+7.4+1.5+5.9+4.9+2.6

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+16.4+3.1+13.3+21.6-5.2

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AI summary

Eicher Motors' Board of Directors has appointed Mr. Vinod Kumar Aggarwal as Executive Vice-Chairman (in the capacity of Executive Director) effective May 21, 2026, subject to shareholder approval. Aggarwal is a 45-year industry veteran with 43 years at Eicher Group, having previously served as CFO from 2005-2009 and as President of Eicher Trucks and Buses. He led VE Commercial Vehicles Limited (VECV), the company's joint venture with AB Volvo, for over 16 years as CEO and Managing Director. He has been on Eicher Motors' Board since April 2019 and was already serving as Non-Executive Vice Chairman since February 2025. The appointment elevates him to an executive role. He is a qualified Chartered Accountant and Cost and Management Accountant, and is not related to any Directors of the Company.

Likely market impact

This appointment represents a promotion of a long-serving internal leader to an executive role, signaling continuity in leadership. The elevation from non-executive to executive vice chairman indicates increased executive responsibility for a key operations veteran at Eicher Motors.