Hero MotoCorp faces ESIC lien of Rs 4.80 crore on bank accounts
HEROMOTOCO · price
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Hero MotoCorp received an order from the Employees State Insurance Corporation (ESIC), Gurugram on September 7, 2026, marking a lien of about Rs 4.80 crore on a few of its bank accounts. This relates to alleged unpaid ESIC arrears of about Rs 3.19 crore under certificates from November 2018. The company has already paid the amount and is filing appeals with courts and appellate authorities. Management believes the order is unsustainable and is unlikely to have a material impact on financials, operations, or other activities.
Small regulatory order over old ESIC dues. Amount already paid, company is appealing. Management sees no material impact on finances or operations.