Please refer to the enclosed Postal Ballot Notice for appointment of Mr. Mahendrakumar Amritlal Gohel as an Independent Director of the Company.
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Hercules Investments Limited is seeking shareholder approval via postal ballot (remote e-voting from April 3 to May 2, 2026) to formally appoint Mr. Mahendrakumar Amritlal Gohel (DIN: 09425947) as an Independent Director for a term of 5 consecutive years (March 19, 2026 to March 18, 2031). Mr. Gohel, a 66-year-old Chartered Accountant with over 35 years of experience, was first appointed as an Additional Director (in the capacity of Independent Director) by the Board on March 19, 2026, based on the recommendation of the Nomination and Remuneration Committee. He has submitted all required declarations confirming his independence under the Companies Act, 2013 and SEBI Listing Regulations, and has registered on the Independent Director's Data Bank maintained by the Indian Institute of Corporate Affairs. The resolution requires a Special Resolution passed by the requisite majority of shareholders through e-voting. Results will be declared on or before May 5, 2026.
The appointment adds a financially and regulatory-savvy independent director to the board, strengthening governance oversight. As a practicing Chartered Accountant with deep experience in corporate accounts, taxation, and internal controls, this appointment may positively signal oversight quality to investors, particularly if the board previously had a vacancy or limited independent representation.