Hercules Hoists Limited announced that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its Meeting held on February 9, 2024, has taken on record the resignation of Shri Kiran Mukadam, Company Secretary, and Key Managerial Personnel of the company, with effect from the close of business hours on March 4, 2024, considered and approved the appointment of Shri Vivek Maru (ACS 39559), as the new Company Secretary & Compliance Officer and Key Managerial Personnel of the Company with effect from the start of business hours on March 5, 2024. Shri Vivek Maru, ACS 39559 is an associate member of the Institute of Company Secretaries of India and holds bachelor's degree of laws from Mumbai University. Vivek brings enriching and diversified experience of over 9 years with compliance and business focused approach, in the field of inter alia corporate laws, statutory compliances, regulatory affairs and varied legal matters.

He has gained in-depth experience in handling fund raising through private placement/preferential issues, implementation of best corporate governance practices, automation of Statutory compliance management process, due diligence etc. His professional journey includes stint with renowned listed corporates and firms such as Man Infraconstruction Limited, Bhansali Engineering Polymers Limited, BDO Restructuring Advisory LLP and Aneja Associates.