Hero MotoCorp to set up CSR subsidiary, approves Q1 FY27 results
Hero MotoCorp Ltd announced at its Board Meeting on August 6, 2026, the approval of unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the board approved the establishment of a new company under Section 8 of the Companies Act, 2013, named 'Hero MotoCorp Foundation - A Santosh Munjal Legacy'. This entity will be a wholly-owned subsidiary focused on Corporate Social Responsibility (CSR) initiatives, with an initial investment of ₹1 crore. The meeting also included the review of the limited review report and a press release related to the financial results.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- New subsidiary 'Hero MotoCorp Foundation' to be set up for CSR.
- The foundation will be a wholly-owned subsidiary.
- Initial investment of ₹1 crore for the CSR foundation.
- Board meeting held on August 6, 2026.
Price Impact
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