Hero MotoCorp Limited — Others, 17-12-2024: Loss of Share Certificates

Hero MotoCorp Ltd. will issue Letters of Confirmation to shareholders who reported their original share certificates as lost or misplaced, as outlined in the disclosed annexure. Notably, shareholders will receive these letters corresponding to share certificates of the current face value of ₹2, post the company's share subdivision in 2001. This move aims to streamline the process for affected shareholders and demonstrate the company’s commitment to maintaining shareholder trust. Investors might view this as a positive outlook on proactive shareholder engagement, albeit with potential risks if any claims are unresolved or mismanaged.