Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement
The firm has stated that the division of BML Munjal Group Entities is the reason for Munjal's exit from Hero MotoCorp's top management.
By Autocar Pro News Desk
3076 Views
Hero MotoCorp stated in a BSE filing that Sunil Kant Munjal will exit the firm as the Joint Managing Director after disclosing its family settlement agreement from the promoters.
"The Management and Control of Listed Entity vested with the Family Group and Mr. Sunil Kant Munjal resigned as Joint Managing Director in the listed entity," the company said.
"Understanding reached between "Family Group" and Sunil Kant Munjal on the usage of trademark HERO", it further stated.
The firm has stated that the division of BML Munjal Group Entities is the reason for Munjal's exit from Hero MotoCorp's top management. The agreement was entered upon on 27 July, 2016.
RELATED ARTICLES
Li-ion Battery Supplier Neuron Energy Targets 10x Growth in 5 years
Yukta Mudgal
17 Mar 2025
The company also aims to generate 30% of its revenue from energy storage applications by 2030, up from around 5% at pres...
EKA Mobility, KPIT, and BPCL Deploy Hydrogen Fuel Cell Bus at Cochin Airport
Sarthak Mahajan
17 Mar 2025
The collaboration introduces a 9-meter hydrogen fuel cell bus as part of a three-year Proof of Concept project, aiming t...
Sandhar Technologies Bolsters Die-Casting Portfolio with Sundaram-Clayton Acquisition
Arunima Pal
17 Mar 2025
Sandhar Technologies approved the acquisition of Sundaram-Clayton’s Aluminium Die Casting Businesses by its subsidiary, ...
