Hercules Investments MD, chairman, board of directors and AGM
BSE: 505720Industrial ManufacturingSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹106.95.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹342 Cr1,976th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 43.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 0.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.34%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 1.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 0.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 8,775
Hercules Investments board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonShekhar BajajRelated to the promoter
- Company Secretary and Compliance OfficerChandrasekar Pillutla
6 directors3 independent1 executive2 non-executive
- Shekhar Bajaj · ChairpersonNon-executive · joined Feb 1989 · reappointed Aug 2023 · 5 listed boards · 4 committee seats, 3 as chair
- Hariprasad Anandkishore NevatiaExecutive · joined Jan 1976 · reappointed Aug 2024 · 1 listed board · 1 committee seat
- Mahendrakumar Amritlal GohelIndependent · joined Mar 2026 · 3 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 1 as chair
- Jayavanth Kallianpur MallyaIndependent · joined Jul 2023 · 35 months as independent · 3 listed boards · 3 as independent · 4 committee seats
- Neelima Aditya Bajaj SwamyNon-executive · joined Jul 2023 · reappointed Aug 2025 · 1 listed board
- Girija BalakrishnanIndependent · joined May 2024 · 25 months as independent · 6 listed boards · 6 as independent · 9 committee seats, 3 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Vandan Sitaram Shah, left 5 Feb 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20266 of 6 present3 independent · 106 days in between
- 10 Feb 20265 of 5 present2 independent
Audit Committee
Chair Mr. Mahendrakumar Amritlal Gohel
Mr. Jayavanth Kallianpur Mallya, Mr. Hariprasad Anandkishore Nevatia, Mrs. Girija Balakrishnan
- 28 May 20263 of 3 present2 independent · 106 days in between
- 10 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Mr. Mahendrakumar Amritlal Gohel
Mr. Jayavanth Kallianpur Mallya, Mrs. Girija Balakrishnan
- 28 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Mr. Shekhar Bajaj
Mr. Mahendrakumar Amritlal Gohel, Mr. Jayavanth Kallianpur Mallya
- 10 Feb 20263 of 3 present1 independent
Risk Management Committee
Chair Mr. Hariprasad Anandkishore Nevatia
Mrs. Girija Balakrishnan, Mr. Chandrasekar Pillutla
- 28 May 20262 of 2 present1 independent · 106 days in between
- 10 Feb 20262 of 2 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Kanu Doshi Associates LLPPeer-review certificate valid to Dec 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Hercules Investments AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Hercules Investments dividend history
Annual general meeting, 13 Aug 2026
21,593 shareholders on the register on 6 Aug 2026; present: 19 promoters and 63 others; votes counted by CS Vaibhav Dandawate / Makarand M. Joshi & Co.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.63%
Turnout: all 50.10% · promoters 71.94% · institutions 100.00% · other public 0.09%
- To declare final dividend of Rs. 2.50/- per equity share of Re. 1/- each for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.63%
Turnout: all 50.10% · promoters 71.94% · institutions 100.00% · other public 0.09%
- To appoint a Director in place of Shri Shekhar Bajaj (DIN: 00089358), who retires by rotation and being eligible, has offered himself for re-appointment:OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.27%
Turnout: all 50.10% · promoters 71.94% · institutions 100.00% · other public 0.09%
- Re-appointment of Shri Hariprasad Anandkishore Nevatia (DIN: 00066955), Whole-time Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.27%
Turnout: all 50.10% · promoters 71.94% · institutions 100.00% · other public 0.09%
- To approve the material related party transactions to be entered by the Company for the financial year 2026-27OrdinaryPromoters have an interest in it97.42% for2.58% against
Against: promoters 0.00% · institutions 0.00% · other public 2.65%
Turnout: all 0.03% · promoters 0.00% · institutions 100.00% · other public 0.09%
- Approval pursuant to Sections 179, 185 and 186 of the Companies Act, 2013 — Loans, Guarantees, Securities and Inter-Corporate Deposits up to Rs. 100 CroresSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 12.50% · other public 4.27%
Turnout: all 50.10% · promoters 71.94% · institutions 100.00% · other public 0.09%
- To take note of the Practicing Chartered Accountant's Certificate pursuant to Regulation 45 of SEBI (LODR) Regulations, 2015Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.65%
Turnout: all 50.10% · promoters 71.94% · institutions 100.00% · other public 0.09%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 12 Aug 2025, 7 resolutions
23,802 shareholders on the register on 5 Aug 2025; present: 9 promoters and 51 others; votes counted by Deepti Kulkarni / Makarand M. Joshi & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.74% · promoters 100.00% · institutions 8.77% · other public 0.43%
- To appoint a director in place of Mrs. Neelima Aditya Bajaj Swamy (DIN: 03120441), who retires by rotation and being eligible, has offered herself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 69.74% · promoters 100.00% · institutions 8.77% · other public 0.43%
- To appoint, M/s. S N Ananthasubramanian & Co. (Peer Review Cert. No.: 5218/2023) as the secretarial Auditor of the company for a term of 5 (Five) consecutive yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.74% · promoters 100.00% · institutions 8.77% · other public 0.43%
- To approve change in the name of the Company and consequent amendments in the Memorandum of Association and Articles of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 69.74% · promoters 100.00% · institutions 8.77% · other public 0.43%
- Amendment in object clause and adopt memorandum of association in line with the provision of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.74% · promoters 100.00% · institutions 8.77% · other public 0.43%
- Adoption of new set of Article of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.74% · promoters 100.00% · institutions 8.77% · other public 0.43%
- To approve the material related party transactions to be entered by the Company for the financial year 2025-26.OrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 0.02% · promoters 0.00% · institutions 8.77% · other public 0.06%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 12 Aug 2024, 6 resolutions
Present: 15 promoters and 30 others.The company's voting result (opens in a new tab)
1 - To receive, consider and adopt the: (a). Audited financial statements of the Company for the financial year ended March 31, 2024, together with the reports of the Board of Directors and Auditors thereon; and (b). Audited consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 71.29% · promoters 100.00% · institutions 85.64% · other public 0.40%
- 2 - To declare Final Dividend of Rs. 4.00 per equity share of Rs. 1/- each; on equity shares for the financial year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 71.29% · promoters 100.00% · institutions 85.64% · other public 0.40%
- 3 - To appoint a Director in place of Mr. Nirav Nayan Bajaj (DIN: 08472468), who retires by rotation and being eligible, has offered himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 71.29% · promoters 100.00% · institutions 85.64% · other public 0.40%
- 4 - To ratify the remuneration of the Cost Auditors of the Company for the financial year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 71.29% · promoters 100.00% · institutions 85.64% · other public 0.40%
- 5 - To consider re-appointment of Shri Hariprasad A Nevatia (DIN:00066955) as a Whole-time Director for 2 years with effective from November 22, 2024.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.04%
Turnout: all 71.29% · promoters 100.00% · institutions 85.64% · other public 0.40%
- 6 - To consider appointment of Smt. Girija Balakrishnan (DIN: 06841071) as an Independent Director of the company for 5 years terms with effective from May 27, 2024.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 71.29% · promoters 100.00% · institutions 85.64% · other public 0.40%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 7 May 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Vikram Taranath Hosangady (DIN: 09757469) as annIndependent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 71.32% · promoters 100.00% · institutions 81.22% · other public 0.50%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Meeting called by the tribunal, 30 Jan 2024, 1 resolution
Present: 22 promoters and 31 others.The company's voting result (opens in a new tab)
- To approve scheme of demerger between Hercules Hoists Limited and Indef Manufacturing LimitedSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 70.46% · promoters 100.00% · institutions 100.00% · other public 0.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Aug 2023, 6 resolutions
Present: 23 promoters and 40 others.The company's voting result (opens in a new tab)
1 - To receive, consider and adopt the audited statement of profit and loss account for the year ended March 31, 2023, and the balance sheet as at that date and report of directors and auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.80% · promoters 100.00% · institutions 67.06% · other public 0.41%
- 2 - To confirm the payment of interim dividend on equity shares and to declare a final dividend on equity shares for the financial year ended March 31, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.83% · promoters 100.00% · institutions 100.00% · other public 0.41%
- 3 - To appoint a director in place of Shri Shekhar Bajaj (DIN 00089358), who retires by rotation and being eligible, offers himself for re-appointment.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 51.43% · other public 0.00%
Turnout: all 69.83% · promoters 100.00% · institutions 100.00% · other public 0.41%
- 4 - To ratify the remuneration of the Cost Auditors of the Company for the financial year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.83% · promoters 100.00% · institutions 100.00% · other public 0.41%
- 5 - To appoint Smt Neelima Bajaj Swamy [DIN No. 03120441], as a Non-Executive Non-Independent Director .OrdinaryPromoters have an interest in it99.93% for0.07% against
Against: promoters 0.00% · institutions 51.43% · other public 0.00%
Turnout: all 69.83% · promoters 100.00% · institutions 100.00% · other public 0.41%
- 6 - To confirm appointment of Shri K J Mallya (DIN: 00094057]) as an Independent Director.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.83% · promoters 100.00% · institutions 100.00% · other public 0.41%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 10 Aug 2022, 7 resolutions
Present: 7 promoters and 37 others.The company's voting result (opens in a new tab)
- To consider and adopt the financial statements of the Company for the financial year ended 31 March 2022, together with the Directors’ and Auditors’ Reports thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
To declare dividend of Rs.1.85 per share (185%) including special dividend of Rs. 0.60 per share and approve interim dividend Rs. 0.75 per share [75%] which was paid in February 2022 for the FY 2021-22MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
- Re-appointment of Kanu Doshi Associates LLP as statutory auditor for 5 years consecutive terms from conclusion of 60th Annual General Meeting to 65th Annual General Meeting.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
- Reappointment of Shri Nirav Nayan Bajaj (DIN- 08472468), who retires by rotation.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
- To ratify the remuneration of Rs. 52000 plus GST and reimbursement of out of pocket expenses to Cost Auditors for the financial year ending 31 March 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
- To confirm continuation of Directorship of Shri Shekhar Bajaj after attending age of 75 in the June 2023 under SEBI regulations.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
- Re-Appointment of Shri H A Nevatia as Whole Time Director of the Company for a period of two years with effect from November 22, 2022.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 69.91% · promoters 100.00% · institutions 0.00% · other public 1.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 10 Aug 2021, 5 resolutions
Present: 5 promoters and 40 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the audited statement of Profit and Loss Account for the year ended March 31, 2021 and the Balance Sheet as at that date and Report of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.67% · promoters 100.00% · institutions 0.00% · other public 10.08%
- To declare dividend for the financial year ended March 31, 2021Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.67% · promoters 100.00% · institutions 0.00% · other public 10.08%
- To appoint a Director in place of Shri Shekhar Bajaj [DIN No. 00089358] who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.67% · promoters 100.00% · institutions 0.00% · other public 10.08%
The remuneration of Rs. 52,000/- plus GST, reimbursement of out of pocket expenses payable to the Cost Auditor, M/s R Nanabhoy & Co, Cost Accountants appointed by the Board of Directors of the Company, for the financial year 2021-22MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.67% · promoters 100.00% · institutions 0.00% · other public 10.08%
- To approve reappointment of Shri H A Nevatia as a Whole-time Director with effect from November 22, 2020 to November 21, 2022.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.67% · promoters 100.00% · institutions 0.00% · other public 10.06%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.