Hero MotoCorp Limited has informed the Exchange regarding Change in Director(s) of the company.
HEROMOTOCO · price
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Awaiting price reaction for this filing.
Hero MotoCorp's board, at its May 13, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified audit opinion. The board recommended a final dividend of Rs. 65 per share (3,250%) on a face value of Rs. 2, subject to shareholder approval at the upcoming AGM. Air Chief Marshal Birender Singh Dhanoa (Retd.) was re-appointed as an Independent Director for a second 5-year term from October 1, 2025 to September 30, 2030. Ms. Vasudha Dinodia, daughter of Executive Chairman Dr. Pawan Munjal, was re-appointed as a Director liable to retire by rotation. SGS Associates LLP was appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30), and the 42nd AGM was scheduled for August 5, 2025, with July 24, 2025 as the record date for dividend entitlement.
The healthy Rs. 65/share dividend rewards income-focused shareholders, while the director re-appointments signal board continuity with no leadership disruption. The filing is largely routine and unlikely to materially move the stock, though the strong dividend declaration may support short-term sentiment.