63rd AGM notice for financial year 2024-25
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Hercules Hoists Limited has sent out the notice for its 63rd AGM, scheduled for August 12, 2025 at 12:00 PM via video conferencing. The ordinary business includes adopting the audited financial statements for FY ended March 31, 2025 and re-appointing Mrs. Neelima Aditya Bajaj Swamy as a director (retiring by rotation). Under special business, shareholders will vote on appointing M/s. S N Ananthasubramanian & Co. as Secretarial Auditor for a 5-year term (April 2025 to March 2030), changing the company's name to either 'Hercules Investments Limited' or 'Hercules Securities Limited', amending the object clause to align with an investment business, and adopting a new set of Articles of Association. The name change follows an NCLT-approved demerger (August 2, 2024) that transferred the hoists business to Indef Manufacturing Limited, a wholly owned subsidiary, leaving the company as primarily an investment entity.
The AGM outcome is procedurally important but largely formal — the name change and shift to an investment business orientation signal a strategic transformation of the company. Shareholders should review the new object clause carefully as it broadens the company's permitted activities, and the name change will need separate BSE/NSE approvals. The e-voting window runs from August 9 to August 11, 2025, with the cut-off date set as August 5, 2025.