Hercules Hoists seeks approval for Rs 100 crore related party deals

Hercules Hoists Limited has added a resolution to its upcoming annual general meeting agenda seeking shareholder approval for material related party transactions worth up to Rs 100 crores for 2025-26.

The transactions include investments of up to Rs 30 crores each in Bajaj group company equity shares, Bajaj mutual funds, and group debt exposures. An additional Rs 10 crores relates to fund transfers under a demerger scheme with Indef Manufacturing Limited.