Subsidiary30 Oct 2026, 11:03 am
Hero MotoCorp Incorporates Wholly-Owned Subsidiary for CSR Initiatives
AI Summary
Hero MotoCorp Ltd has announced the incorporation of its wholly-owned subsidiary, 'Hero MotoCorp Foundation- A Santosh Munjal Legacy'. This entity, established under Section 8 of the Companies Act, 2013, will exclusively manage the company's corporate social responsibility (CSR) initiatives. The Registrar of Companies, Ministry of Corporate Affairs, granted official approval for its incorporation on October 29, 2026, following the Board's decision communicated on August 6, 2026. This move formalizes and centralizes Hero MotoCorp's CSR activities under a dedicated structure.
Key Highlights
- Hero MotoCorp has incorporated a new wholly-owned subsidiary.
- The subsidiary is named 'Hero MotoCorp Foundation- A Santosh Munjal Legacy'.
- Its purpose is to manage the company's CSR initiatives.
- Incorporation approved by the Registrar of Companies.
- This formalizes the company's commitment to social responsibility.
Price Impact
More from HEROMOTOCO