News ArticleHero MotoCorp Revises Fair Disclosure Code to Strengthen Transparency on Price Sensitive Information
Updated code effective October 28, 2026, emphasizes uniform dissemination and confidentiality of unpublished price sensitive information to comply with SEBI regulations
Hero MotoCorp Limited has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective October 28, 2026, to ensure uniform and transparent disclosure, prevent misuse, and maintain confidentiality as per SEBI regulations.
Hero MotoCorp Ltd.
Legal / Regulatory
Hero MotoCorp Limited has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to comply with SEBI regulations, effective October 28, 2026.
The updated code aims to ensure fair, uniform, and transparent disclosure of UPSI, preserve confidentiality to prevent misuse, and create information symmetry among all stakeholders.
The Code applies to all Insiders with access to UPSI, mandating prompt public disclosure to stock exchanges and the company website to avoid selective disclosure.
The company designated the Chief Investor Relations Officer (CIRO) and Company Secretary as responsible officers for overseeing compliance and disseminating information, with clear protocols if UPSI is disclosed inadvertently.
Authorized spokespersons including the Executive Chairman and CEO handle communications with media and analysts, and specific procedures are outlined for interactions with analysts, plant visits, and earnings calls to prevent unauthorized disclosure.
The policy restricts any disclosure of UPSI via social media and mandates that accidentally disclosed UPSI be reported promptly and made publicly available within 24 hours.
Highlights
- Effective date of updated Code: October 28, 2026
- Code governs fair disclosure and confidentiality of unpublished price sensitive information (UPSI)
- Applies to all Insiders with access to UPSI at Hero MotoCorp
- CIRO and Company Secretary oversee compliance and disclosures
- Prompt disclosure of UPSI to stock exchanges and company website mandatory
- Prohibits selective disclosure and unauthorized communication of UPSI, including on social media platforms
Key Data Snapshot
What happened
- Hero MotoCorp updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information effective October 28, 2026.
- The update aligns the company’s policies with SEBI regulations to ensure transparent, fair, and uniform disclosures of UPSI.
- The Code aims to prevent selective disclosure and preserve confidentiality among insiders.
Key details
- The Code applies to all insiders who have access to unpublished price sensitive information of the company.
- The Chief Investor Relations Officer and Company Secretary & Compliance Officer are responsible for monitoring adherence and managing disclosures.
- UPSI must be promptly disclosed to stock exchanges and simultaneously published on the company’s official website.
- Selective or inadvertent disclosures must be reported immediately and rectified by making the information generally available within 24 hours.
- Only authorized spokespersons may communicate with media, investors, or analysts to ensure control over information dissemination.
Regulatory and governance context
- The Code is adopted pursuant to Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
- It sets protocols to ensure compliance with SEBI’s Listing Obligations and Disclosure Requirements.
- The policy prohibits UPSI dissemination via social media platforms, limiting disclosure channels to formal communications.
- The company has defined procedures to respond to media queries and market rumors, ensuring regulatory compliance.
Highlights
- Effective date of updated Code: October 28, 2026
- Code governs fair disclosure and confidentiality of unpublished price sensitive information (UPSI)
- Applies to all Insiders with access to UPSI at Hero MotoCorp
- CIRO and Company Secretary oversee compliance and disclosures
- Prompt disclosure of UPSI to stock exchanges and company website mandatory
- Prohibits selective disclosure and unauthorized communication of UPSI, including on social media platforms
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Prohibition of Insider Trading) Regulations, 2015
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