Annual Report for Financial year 2024-25 along with 63rd AGM notice and BRSR
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hercules Hoists Limited has filed its Annual Report for FY 2024-25 along with the notice for its 63rd Annual General Meeting scheduled on Monday, August 12, 2025 at 12:00 PM via video conferencing. The AGM includes ordinary business such as adoption of audited financial statements and re-appointment of Mrs. Neelima Aditya Bajaj Swamy (DIN: 03120441), who retires by rotation. Special business includes appointment of M/s S N Ananthasubramanian & Co as Secretarial Auditor for five consecutive years. More importantly, shareholders will vote on a proposal to change the company's name from 'Hercules Hoists Limited' to either 'Hercules Investments Limited' or 'Hercules Securities Limited', and to completely overhaul its object clause to operate as an investment company dealing in shares, debentures and securities. A new set of Articles of Association is also proposed. The Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 has also been submitted as part of the annual report.
This signals a major strategic pivot from a hoist manufacturing business to an investment/securities company. If approved, the name change and revised objects would fundamentally redefine the company's business identity. Shareholders should review the resolutions carefully and vote through e-voting (cut-off date August 5, 2025) as these are special resolutions requiring higher approval thresholds.