Hercules Hoists Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025
Awaiting price reaction for this filing.
Hercules Hoists Limited has called its 63rd AGM for Monday, August 12, 2025, at 12:00 PM, to be held via video conferencing. The meeting will consider adoption of the audited financial statements for FY 2024-25 and re-appointment of director Mrs. Neelima Aditya Bajaj Swamy, who retires by rotation. A key special resolution seeks shareholder approval to change the company's name from 'Hercules Hoists Limited' to either 'Hercules Investments Limited' or 'Hercules Securities Limited', following the demerger of its hoists business into wholly owned subsidiary Indef Manufacturing Limited (approved by NCLT in August 2024). Additional special resolutions propose amending the company's objects clause to focus on investment and securities business, adopting a new Memorandum of Association, and adopting a new set of Articles of Association. Shareholders will also vote on appointing M/s. S N Ananthasubramanian & Co. as Secretarial Auditor for a five-year term (April 2025 to March 2030). E-voting opens August 9, 2025 and closes August 11, 2025, with the cut-off date set as August 5, 2025.
This AGM is consequential for shareholders: if approved, the name change and revised business objects will fundamentally rebrand the company as an investment/securities entity, and the stock symbol on exchanges may also change. Investors should review the proposals carefully before the August 12, 2025 vote, especially the special resolutions which require a higher approval threshold (75%).