Please find enclosed herewith the intimation made by the Company under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
HEROMOTOCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hero MotoCorp has received appeal orders dated March 9 and March 10, 2026, from the Commissioner of Income Tax (Appeals) - 29, concerning reassessment orders for assessment years 2013-14 to 2017-18 and 2019-20. As a result of these appeal orders, the tax demand on the company has been reduced sharply from Rs. 177.96 crore to Rs. 27 crore, a drop of about Rs. 151 crore. The company plans to file further appeals before higher appellate authorities for the remaining demand of Rs. 27 crore, along with applications for refunds or demand reductions wherever applicable. This is a continuation of updates the company had shared with the stock exchanges in April 2024 and May 2024.
This is a positive outcome for shareholders as the tax liability has come down substantially. However, the matter is not fully closed since the company will continue to contest the balance demand of Rs. 27 crore through further appeals.