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Key Policies

A company that believes in maintaining ecological standards along with business standards.

"We must do something for the community from whose land we generate our wealth." - Chairman Dr.Brijmohan Lall Munjal.

At Hero MotoCorp, our goal isn't limited to business but encompasses the broader spectrum of serving humanity through social initiatives. Hero MotoCorp takes a stand as a socially responsible enterprise respectful of its environment.

Hero MotoCorp has been strongly devoted not only to environmental conservation programs but also expresses the increasingly inseparable balance between economic concerns, environmental and social issues faced by business. A business must not grow at the expense of mankind but must serve humankind at large.

Environment Policy

We at Hero MotoCorp have been committed to demonstrate excellence in our environmental performance on a continuous basis, as an intrinsic element of our corporate philosophy

To achieve this we commit ourselves to:

  • Integrate environmental attributes and cleaner production in all our business processes and practices with specific consideration to substitution of hazardous chemicals and strengthening the greening of supply chain.
  • Continue product innovations to improve environmental compatibility.
  • Comply with all applicable environmental legislation and also controlling our environmental discharges through the principles of "alara" (as low as reasonably achievable).
  • Institutionalize resource conservation in the areas of oil, water, electrical energy, paints and chemicals.
  • Enhance environmental awareness of our employees and dealers / vendors, while promoting their involvement in ensuring sound environmental management.

Quality Policy

Excellence in quality is the core value of Hero MotoCorp philosophy.

We are committed at all levels to achieve high quality in whatever we do, particularly in our products and services which will meet and exceed customer's growing aspirations through:

  • Innovation in products, processes and services.
  • Continuous improvement in our total quality management systems.
  • Teamwork and responsibility.

Safety Policy

We believe that safe work practices lead to better business performance, motivated workforce and higher productivity.

We shall create a safety culture in the organization by:

  • Integrating safety and health matters in all our activities.
  • Promoting safety and health awareness amongst employees, suppliers and contractors.
  • Continuous improvements in safety performance through precautions be sides participation and training of employees.
  • Ensuring compliance with all applicable legislative requirements.
  • Empowering employees to ensure safety in their respective work places.

Vigil Mechanism / Whistle Blower Policy

Hero MotoCorp Limited (hereafter referred to as “HMCL” or “Company” in this document) believes in promoting a fair, transparent, ethical and professional work environment. While the HMCL code of conduct defines the expectations from employees in terms of their integrity and professional conduct, the vigil mechanism defines the mechanism for reporting deviations from the standards defined in the code.

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Remuneration Policy

The remuneration policy of the Directors has been designed to keep pace with the business environment and market linked positioning. The Remuneration & Nomination Committee determines and recommends to the Board the compensation payable to Directors. Remuneration for the Executive Directors consists of a fixed component and a variable component linked to the long term vision, medium term goals and annual business plans.

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Related Party Transactions Policy

Hero MotoCorp Ltd. (hereinafter referred to as HMCL or the company) recognizes that Related Party Transactions can present potential or actual conflicts of interest and may raise questions about whether such transactions are consistent with the Company and its shareholders’ best interests and in compliance to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement.

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Corporate Social Responsibility Policy

The Board of Directors (the "Board") of Hero MotoCorp Limited (the “Company”) has adopted the following policy and procedures with regard to Corporate Social Responsibility. The Board may review and amend this policy from time to time subject to the recommendations of Corporate Social Responsibility Committee.

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Code of practices and procedures of fair disclosure of unpublished price sensitive information

Code of practices and procedures of fair disclosure of unpublished price sensitive information

[Pursuant to Regulation 8(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015]

[As approved by the Board of Directors of the Company at its Meeting held on May 7, 2015 and applicable from May 15, 2015]

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Policy On Material Subsidiaries

The Board of Directors (the "Board") of Hero MotoCorp Limited (the “Company”) has adopted the following policy and procedures with regard to determination of Material Subsidiaries. The Board may review and amend this policy from time to time.

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Policy for Preservation of Documents & Archival

This Policy aims to preserve Documents /Records maintained by the Company either in Physical Mode or Electronic Mode (hereinafter referred to as “the Documents”). This Policy has been formulated in accordance with the Regulation 9 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). The Policy shall come into effect from December 1, 2015.

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Policy on Disclosure of Material Events by the Listed Entity

The Policy aims for disclosure of important and material events of the Company to the Stock Exchange(s), where the equity shares of the Company are listed, to stakeholders in compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the “Listing Regulations”) and SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 (hereinafter referred to as the “SEBI circular”). The Policy shall come into effect from December 1, 2015.

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Dividend Distribution Policy

With respect to apportioning a share of profit to its shareholders, the Company endeavours to be fair and consistent with its strategy, approach and decision. The management draws the conclusion of distributing dividends after taking into accounta multitude of legal and financial parameters including long-term earning capabilities, growth prospects, opportunity costs, applicable laws and statutory covenants.

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