Hercules Investments Limited has announced the retirement of Independent Director Mr. Vandan Shah, effective February 05, 2026. The retirement follows the completion of his second and final term as Independent Director under the provisions of Section 149(11) of the Companies Act, 2013.

Director Retirement Details

Mr. Vandan Shah (DIN: 00759570) ceased to be a Director of the Company at the close of business hours on February 05, 2026. Along with his directorship, he also stepped down from his positions as Chairman of the Audit Committee and Nomination & Remuneration Committee, and as a member of the Stakeholders Relationship Committee.

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 read with Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Hercules Investments Limited acknowledged that while Mr. Shah's term expiration was already in the public domain, they initially believed a separate disclosure to the Stock Exchange was not required. However, upon realizing the regulatory requirement, the company promptly made the necessary disclosure.

Board Recognition

The Board of Directors and Management have placed on record their deep appreciation and gratitude to Mr. Vandan Shah for his extensive and valuable contribution as a Board Member. His leadership as Chairman of key committees including the Audit Committee and Nomination & Remuneration Committee has been particularly recognized by the company.

The retirement represents a natural conclusion to Mr. Shah's tenure under the regulatory framework governing Independent Directors' terms, ensuring compliance with corporate governance norms.

Hercules Hoists Limited, a prominent player in the hoisting equipment industry, has announced a significant change in its key personnel. Meeta Khalsa, who has been serving as the Company Secretary and Compliance Officer, has decided to step down from her position.

Resignation Details

Meeta Khalsa's resignation will take effect on March 31, 2025. The company disclosed that Khalsa cited personal reasons for her decision to leave the organization. As a Company Secretary and Compliance Officer, Khalsa held a crucial role as one of the Key Managerial Personnel at Hercules Hoists Limited.

Regulatory Disclosure

The news of Khalsa's resignation was communicated through a regulatory disclosure to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). This adherence to disclosure norms underscores the company's commitment to transparency and regulatory compliance.

Management Statement

The regulatory filing was signed by Hariprasad Anandkishore Nevatia, the Whole-time Director of Hercules Hoists Limited. This official communication ensures that all stakeholders, including shareholders and regulatory bodies, are duly informed about this change in the company's key management.

Impact and Next Steps

Hercules Hoists Limited has not yet announced a replacement for the position of Company Secretary and Compliance Officer. Stakeholders will likely be watching closely for any further announcements regarding the appointment of a successor to ensure a smooth transition in this critical role.

The timely disclosure of this information allows investors and market analysts to stay informed about the changes in the company's management structure. As Hercules Hoists Limited navigates this transition, the market will be keen to see how the company manages its compliance and secretarial functions in the interim period.