Hercules Hoists Ltd

AGM details

• AGM held on 13 August 2026 via VC/OAVM.
• Remote e-voting from 10–12 August 2026.
• Voting rights cut-off date: 6 August 2026.
• Total shareholders on record: 21,593.
• VC attendance: Promoter Group 19; Public 63.

Key resolutions and outcomes

• Resolution 1: Adopt audited financial statements; passed with in-favour ~99.999%.
• Resolution 2: Final dividend of Rs 2.50 per share approved.
• Resolution 3: Re-appointment of Shri Shekhar Bajaj; passed.
• Resolution 4: Re-appointment of Nevatia as Whole-time Director; passed.
• Resolution 5: Approve material related party transactions for 2026-27; passed.
• Resolution 6: Loans, guarantees up to Rs 100 crore; passed.
• Resolution 7: Note the Practicing Chartered Accountant’s certificate; passed.

Dividend

• Final dividend Rs 2.50 per equity share approved.

Director changes

• Director change: Shekhar Bajaj re-appointed; retires by rotation.
• Director change: Nevatia re-appointed as Whole-time Director.

Auditors

• No changes in statutory, secretarial, or cost auditors reported.

Material related party transactions

• Approval of material related party transactions for 2026-27; related-party voting excluded per SEBI LODR.

Other material approvals

• Borrowings up to Rs 100 crore approved.

Re-appointment: Shri Shekhar Bajaj (Director)

• Shri Shekhar Bajaj re-appointed as Director; retires by rotation and offers himself for re-appointment.

Re-appointment: Shri Hariprasad Anandkishore Nevatia (Whole-time Director)

• Shri Hariprasad Anandkishore Nevatia re-appointed as Whole-time Director.

Financial results and audit

• Unaudited standalone financial results for quarter ended 30 June 2026 approved, with Limited Review Report.
• Single primary segment; segment reporting not applicable under IND AS 108.
• Independent auditor Kanu Doshi Associates LLP reviewed the results; no material misstatement.
• Auditor's review provides moderate assurance; no audit opinion issued.

Meeting Details

• Board meeting scheduled for August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve the unaudited quarterly results for quarter ended June 30, 2026, subject to limited review.

Other Notes

• Trading window closed for directors/officers and designated employees from July 1, 2026 until 48 hours after results announcement.

Overview

• Standalone BRSR for FY2025-26 by Hercules Investments Limited (CIC) with no operating activities.
• Main activity is investment holding with Bajaj Group listed companies.
• Revenue sources: dividend income, fair value gains, and office rental income.
• Scrip code 505720; NSE delisted from January 9, 2026; reporting boundary standalone.
• Turnover Rs 890.80 Lakhs; net worth Rs 13,081 Lakhs for FY2025-26.
• Reporting boundary: standalone; no external customers or supplier relationships.

Key ESG Risks & Opportunities

• Primary ESG risk is regulatory compliance and governance due to the CIC structure.
• No manufacturing or operational activities; limited environmental or social risk exposure.
• Opportunities stem from strong governance, policy framework, and transparent investment stewardship.
• Policies cover all nine NGRBC principles; board-approved with three-year review cadence.
• Independent assessment planned; company relies on internal reviews for policy effectiveness.
• Regulatory penalty events were nil in FY2025-26.

Governance & Policy Highlights

• Board oversight; Whole-time Director responsible for sustainability implementation.
• All policies approved by the Board and mapped to NGRBC principles.
• Nine principles policy coverage confirmed; policies translate into procedures.
• Anti-corruption and anti-bribery policy exists; Code of Conduct accessible on investor site.
• Disciplinary actions for bribery/corruption: none.
• Whistleblower and conflict-of-interest disclosure policies in place.
• CSR not applicable; no CSR spend or projects.
• Policy reviews: policies reviewed every 3 years or as needed.
• External assessment of policies planned in future.

Social Responsibility & Workforce

• Total employees: 3; all permanent, all male.
• Women on Board: 2 of 6 directors (33.3%).
• Turnover rate for permanent staff: 0%.
• Grievance mechanism: CFO as Grievance Redressal Officer; whistleblower channel.
• Maternity benefit exists; no female staff currently employed.
• Health coverage: no group medical insurance; health check-ups reimbursed.
• Training: 100% of male staff received training.
• LTIFR: 0 for employees.
• Grievance mechanism accessible to employees; speak-up to Board.

Environmental Performance

• Energy consumption NIL; office energy not separately measured.
• GHG emissions Scope 1/2 not applicable.
• ISO 9000/14001 certifications no longer applicable post-demerger.
• Compliance with environmental laws 100%.
• Business Continuity Plan includes off-site backups and annual testing.
• Trade associations: 2; CII and Bombay Chamber.
• No operations in ecologically sensitive areas; no biodiversity impact.
• No value chain environmental assessments; not applicable.

Stakeholder Engagement & Complaints

• Key stakeholder groups: shareholders, regulators, group entities, employees; no consumer-facing activities.
• Engagement: AGMs, regulatory filings, and management interactions.
• Grievances: 0 complaints filed; no unresolved issues.
• Whistleblower policy and speak-up mechanism provide redress channels.
• Public grievance policy available on website.
• Engagement with vulnerable groups not applicable; governance focus.

Other Notable Metrics

• Cybersecurity: basic internal framework; no customer data collected; no breaches.
• Data privacy: not applicable; no customer-facing data processing.
• Affiliations: two industry bodies, CII and Bombay Chamber.
• CSR/ESG spend: not applicable; no CSR initiatives.
• Turnover and net worth disclosed; 2025-26 turnover Rs 890.80 Lakhs; net worth Rs 13,081 Lakhs.

AGM Details

• 64th AGM on Aug 13, 2026 at 03:30 PM IST via VC/OAVM.
• Cut-off date for e-voting: Aug 6, 2026; e-voting Aug 10–12, 2026.
• Register of Members and Share Transfer Books closed Aug 7–Aug 13, 2026.
• Deemed venue: Registered Office; notice dispatch on 13 July 2026.

Key Resolutions

• Item 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 March 2026.
• Item 2 (Ordinary): Declaration of final dividend of Rs 2.50 per equity share.
• Item 3 (Ordinary): Re-appointment of Shri Shekhar Bajaj as director by rotation.
• Item 4 (Special): Re-appointment of Hariprasad Nevatia as Whole-time Director for two years.
• Item 5 (Ordinary): Approval of material related party transactions for 2026-27.
• Item 6 (Special): Authority to loans/guarantees/securities/ICDs up to Rs 100 crores.
• Item 7 (Ordinary): Note Practicing Chartered Accountant certificate on change of name.

Financials

• Revenue from operations ₹890.80 Lakhs; total income ₹894.03 Lakhs.
• PAT ₹772.11 Lakhs; up 38.31% YoY.
• EPS ₹2.41 (basic and diluted).
• Dividend proposed: ₹2.50 per share; total ₹8.00 Crores.

Demerger & corporate actions

• Demerger of Hoists manufacturing into Indef Manufacturing Limited completed; retrospective pooling under Ind AS 103.
• Company renamed Hercules Investments Limited, effective 19 Sep 2025.
• NSE delisted from 9 Jan 2026; listing continues on BSE.
• 64th AGM scheduled 13 Aug 2026 via VC/OAVM; record date 6 Aug 2026.

Capital & liquidity

• Share capital ₹3.20 Crores; Authorized ₹4.00 Crores.
• Total equity ₹691.57 Crores; Total assets ₹754.04 Crores.
• No term borrowings outstanding; liquidity supported by cash and investments.
• Non-current investments ₹733.84 Crores; current investments ₹18.74 Crores.

Investments portfolio

• Non-current investments: Bajaj Holdings ₹363.41 Crores; Bajaj Auto ₹160.34 Cr; Bajaj Finserv ₹180.42 Cr; Bajaj Electricals ₹21.10 Cr; Bajel Projects ₹8.57 Cr.
• Current investments: Axis Liquid Fund ₹10.78 Cr; Bajaj Finserv Money Market Fund ₹7.96 Cr.
• FVOCI equity investments closing ₹733.84 Crores with unrealised OCI loss ₹163.35 Crores for the year.

Related party transactions

• RPTs with Bajaj Group capped at ₹50 Crores per category; Audit Committee approvals.
• Pass-through receipts from Indef Manufacturing Limited ₹232.96 Lakhs; balance ₹0.16 Lakhs.
• Mutual fund investments in Bajaj Finserv Asset Management ₹796.18 Lakhs; purchases ₹797.96 Lakhs; redemptions ₹25 Lakhs.

Governance & board

• Shri Shekhar Bajaj (Chairman); Shri H.A. Nevatia (Whole-time Director).
• Shri Mahendrakumar Gohel appointed Independent Director 19 Mar 2026; Shri Vandan Shah ceased 5 Feb 2026.
• Board meetings: four in FY25-26; Independent Directors' meeting on 10 Feb 2026.
• CSR Committee dissolved as CSR applicability not applicable for 2025-26.

Audits & controls

• Statutory auditors: Kanu Doshi Associates LLP; audit fees ₹2.76 Lakhs.
• Secretarial auditors: S N Ananthasubramaniam & Co; MR-3 certificate; no observations.
• Internal controls deemed adequate; internal audit by M L Bhuwania & Co LLP.

Shareholder information

• AGM: 13 Aug 2026; VC/OAVM; record date 6 Aug 2026; remote e-voting Aug 10–12, 2026.
• NSE delisted; listed on BSE; Scrip Code 505720.
• Major shareholders: Bajaj Holdings & Investment Ltd 19.53%; Jamnalal Sons Pvt Ltd 19.35%; Bajaj Sevashram Pvt Ltd 5.84%.
• Public shareholding 30.39%; 94.86% dematerialised.

ESG, BRSR & outlook

• BRSR: Annexure IV; nine principles; CSR not applicable; two trade associations.
• Outlook: focus on strengthening investment portfolio and CIC-compliant governance; prudent risk management.

Dematerialisation processing and listing

• Dematerialisation requests received during the reporting quarter were processed and confirmed to depositories.
• Securities dematerialised were listed on exchanges where the issuer's existing securities are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depository name substituted as registered owner within prescribed timelines.