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.

Hercules Hoists , a long-standing player in the hoisting equipment industry, is set to undergo a significant transformation following key decisions made at its 63rd Annual General Meeting (AGM) held on August 12, 2025. The company's shareholders have approved a series of strategic changes that will reshape its identity and core business focus.

Name Change and Business Pivot

The most notable change is the company's decision to rebrand itself as Hercules Investments Limited. This name change reflects a fundamental shift in the company's business model, moving away from its traditional focus on hoisting equipment to embrace a new role as an investment company.

Amendments to Memorandum and Articles of Association

To facilitate this transition, shareholders approved amendments to the company's Memorandum of Association (MOA) and Articles of Association (AOA). These changes align the company's governing documents with its new business direction and ensure compliance with the Companies Act, 2013.

New Business Objectives

The revised primary business objective of Hercules Investments Limited will be to operate as an investment company. This includes:

• Buying, selling, and dealing in shares, debentures, bonds, and other financial instruments issued by companies or governments in India and elsewhere
• Engaging in underwriting activities
• Acquiring securities
• Providing managerial services to other companies
• Making investments in government securities and corporate bonds

Shareholder Approval and Regulatory Compliance

All changes were approved through special resolutions at the AGM. The company has duly informed the National Stock Exchange of India Limited and BSE Limited about these developments, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Commentary

Shekhar Bajaj, Chairman of the company, addressed the shareholders during the AGM, covering the company's performance for the financial year 2024-25 and outlining the overall business prospects under its new avatar.

Financial Performance

While the company transitions to its new business model, it continues to maintain transparency in financial reporting. The Board of Directors approved the unaudited standalone financial results for the quarter ended June 30, 2025, which were reviewed by the company's statutory auditors, Kanu Doshi Associates LLP.

This strategic pivot marks a new chapter for Hercules Hoists, now Hercules Investments Limited, as it ventures into the dynamic world of investments and financial services. Stakeholders will be keenly watching how this transformation unfolds and impacts the company's future growth trajectory.