Hercules Hoists Limited — Important, 06-01-2025: Updates

Clarification has been issued regarding the Chief Financial Officer (CFO) position at Hercules Hoists Limited (HHL), addressing false reports of Mr. Girish Rameshlal Jethmalani's resignation. Mr. Jethmalani is confirmed to not hold the CFO role at HHL, having officially stepped down on September 30, 2024, due to a demerger with Indef Manufacturing Limited (IML). The board meeting at that time communicated this transition. Importantly, the company reiterated that there has been no interruption in the CFO position at HHL, with the current CFO continuing without changes. This clarification aims to eliminate any confusion regarding the leadership status of the finance department at HHL.