Submission of Scrutiniser Report of the Voting held for the Annual General Meeting of the Company
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Hercules Hoists Limited held its 63rd AGM on August 12, 2025, and all seven resolutions were passed with overwhelming majority (99.97% to 100% in favour). Key resolutions included approval of audited financial statements for FY25, re-appointment of Mrs. Neelima Aditya Bajaj Swamy as director (retiring by rotation), appointment of M/s. S N Ananthasubramanian & Co. as secretarial auditor for five years, change in the company's name along with amendments to the MOA and AOA, adoption of a new set of Articles of Association, and approval of material related party transactions for FY26. Voting turnout was about 69.74%, with 2.23 crore shares of the 3.20 crore total being polled. Promoters (holding 2.23 crore shares) voted 100% in favour on all resolutions except the related party transaction, where they abstained as expected. Only 60 shareholders attended via video conferencing (9 promoter group and 51 public).
Routine AGM business concluded smoothly with no meaningful shareholder dissent on any item. The most notable item is the approval to change the company's name (new name not disclosed in this filing) and adoption of new Articles of Association, which may signal a strategic re-positioning. Material related party transactions for FY26 were approved by public shareholders, which is a standard annual compliance item.