Hercules Investments Limited has informed regarding the meeting scheduled to be held on May 25, 2026 at 01:30 P.M.
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Hercules Investments Limited has called an Extra-Ordinary General Meeting (EGM) on May 25, 2026 at 01:30 PM through video conferencing. The sole agenda item is seeking shareholder approval via a Special Resolution to clarify and confirm that the earlier approval granted at the 61st AGM (August 2023) for continuation of Shri Shekhar Bajaj (age 77) as Non-Executive Director after attaining age 75 was always intended to be a continuing approval. The earlier resolution inadvertently referenced continuation up to the 63rd AGM, which the company states was not the intent and should not create any gap in tenure. Shri Shekhar Bajaj, who holds 906,400 shares, has been on the Board since December 1989 and serves as Chairman. E-voting runs from May 22 to May 24, 2026, with cut-off date May 19, 2026.
Shareholders should note this is a housekeeping resolution to remove ambiguity from a prior approval for director continuity. The passing of this resolution ensures uninterrupted tenure for the Chairman and is unlikely to have any direct impact on stock price or operations.