Hercules Hoists Limited announced that on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of the Company, at its Meeting held on November 4, 2023, has: taken on record the resignation of Shri Vijay Singh, Chief Financial Officer, and Key Managerial Personnel of the Company, with effect from the close of business hours on December 29, 2023, considered and approved the appointment of Shri Girish Jethmalani, the existing Finance Controller of the Company, as the new Chief Financial Officer and Key Managerial Personnel of the Company with effect from the start of business hours on December 30, 2023. Shri Girish Jethmalani is a Chartered Accountant, M. Com with over 22 years of experience. He is currently acting as the Finnace Controller and is responsible amongst others for Management, Planning & Budgeting, MIS and Financial preparation, taxation etc.

Shri Girish Jethmalani joined the Company in the month of October 2022. Before joining the Company, in his previous role, he was associated with Sterling Biotech Limited, Aneja Associates and Ambalal Thakkar & Associates. He has rich experience in accounts, finance, and audits, designing and implementing systems & controls to achieve financial discipline and improve operational efficiency.

His association as a Chief Financial Officer with the company would contribute towards the additional growth of the organization by his good knowledge and experience.