Hercules Hoists Limited Transforms into Hercules Investments Limited, Pivots to Investment Business
Hercules Hoists shareholders approved significant changes at the 63rd AGM, including rebranding as Hercules Investments Limited. The company is shifting from hoisting equipment to investment services. Amendments to the MOA and AOA were approved to align with the new business direction. The new primary objective is to operate as an investment company, dealing in various financial instruments and providing related services. These changes were approved via special resolutions and communicated to the National Stock Exchange and BSE. Chairman Shekhar Bajaj addressed the company's performance and future prospects at the AGM. The Board approved Q1 FY2025-26 unaudited financial results.
21Feb 25
Bajaj Indef Manufacturing Set for Stock Market Debut on February 21, 2025
Bajaj Indef Manufacturing, recently demerged from Hercules Hoists Limited, will list on the stock market on February 21, 2025. This listing follows a strategic corporate restructuring under Sections 230 to 232 of the Companies Act, 2013. The demerger and listing were confirmed through a regulatory filing by Hercules Hoists Limited to the stock exchanges on February 20, 2025. This development marks a significant event for investors, offering a new opportunity to invest in a focused business segment.