Hercules investments Limited has announced a key board appointment, strengthening its leadership structure with the addition of an experienced independent director. The company informed the BSE Limited about this significant corporate development through a regulatory filing dated March 19, 2026.

Board Appointment Details

The Board of Directors approved the appointment of Mr. Mahendrakumar Amritlal Gohel as Additional Director (Non-Executive Independent) through a circular resolution passed on March 19, 2026. The appointment was made upon recommendation of the Nomination and Remuneration Committee, demonstrating adherence to corporate governance protocols.

Professional Background and Qualifications

Mr. Gohel brings substantial expertise to the board with his extensive professional background. At 66 years of age, he holds a Bachelor of Commerce (Honours) degree from the University of Mumbai and has been a Fellow Member of the Institute of Chartered Accountants of India since 1992.

Key Professional Highlights

• Experience: Over 40 years as a practicing chartered accountant
• Current Role: Partner at AMJ & Co. Chartered Accountants
• Specialization: Finance, taxation, and commercial disciplines
• Audit Expertise: Statutory, Tax, Internal, Concurrent and Management Audit of Corporates, Banks and Public Sector Companies

Current Directorships

Mr. Gohel currently serves as an Independent Director on the boards of:

• Bajaj Finserv Mutual Fund Trustee Ltd.
• The Hindustan Housing Company Ltd.

Regulatory Compliance

The appointment complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Gohel is not related to any existing director of the company, ensuring independence requirements are met.

The appointment is subject to requisite approval of the company's members and represents Hercules Investments Limited's commitment to strengthening its board composition with experienced professionals in the financial and corporate governance domains.

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.