HandsOn Global Management (HGM) Limited has received reclassification requests dated May 11, 2026 from three promoters seeking to move from the Promoter category to the Public shareholder category. The requests have been submitted in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has intimated the stock exchanges accordingly.

Promoters Seeking Reclassification

The three entities that have submitted reclassification requests are Stern Capital Partners LLC, Surinder Rametra, and Sun Investment Partners LLC. The combined shareholding details of the promoters seeking reclassification are presented below:

Basis and Conditions for Reclassification

Each of the three promoters has confirmed satisfaction of all conditions prescribed under Regulation 31A(3)(b)/31A(4) of the Listing Regulations. In their respective request letters, each entity or individual has certified the following:

• They, along with persons related to them, do not hold more than 10% of the total voting rights in the company.
• They do not exercise control over the affairs of the company, whether directly or indirectly.
• They do not have any special rights with respect to the company through formal or informal arrangements, including through any shareholder agreements.
• They do not represent on the Board of Directors (including not having a nominee director) of the company.
• They do not act as Key Managerial Personnel in the company.
• They are not a wilful defaulter as per Reserve Bank of India guidelines.
• They are not a fugitive economic offender.
• There is no pending regulatory action against them.

Additionally, each entity has committed to continue complying with the conditions mentioned under sub-clauses (i), (ii), and (iii) of clause (b) of Regulation 31A(3) of SEBI (LODR) Regulations, 2015 at all times from the date of reclassification. They have also committed to comply with the conditions under sub-clauses (iv) and (v) of the same clause for a period of not less than three years from the date of reclassification. Non-compliance with these conditions would result in reclassification back to the Promoter category.

Individual Promoter Details

Stern Capital Partners LLC, based at 27 Riesling Court, Commack, NY 11725, USA, holds 6,94,246 equity shares representing 5.51% of the company. The entity's name is currently required to be filed under the Promoter category in the shareholding pattern submitted quarterly to the stock exchanges, and it is also required to make annual disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Surinder Rametra, also based at 27 Riesling Court, Commack, NY 11725, USA, holds 1,20,000 equity shares representing 0.95% of the company. Surinder Rametra has stated that they have retired from all positions in the company, though their name continues to be filed under the Promoter category in the quarterly shareholding pattern.

Sun Investment Partners LLC currently holds nil shares in the company but its name continues to be listed under the Promoter category in the quarterly shareholding pattern filed with the stock exchanges.

Next Steps

Pursuant to Regulation 31A of SEBI (LODR) Regulations, 2015, the Board of Directors of HandsOn Global Management (HGM) Limited will consider the reclassification requests and initiate the next steps in due course. The intimation was signed by Bhuvanesh Sharma, VP-Corporate Affairs, Company Secretary & Compliance Officer of the company.

handson global management (hgm) Limited has announced the successful appointment of Mr. Kesavan Nair Padmanabhan as an Independent Director following approval through postal ballot e-voting. The special resolution was passed with requisite majority by the members, as per the results submitted to the stock exchanges on April 25, 2026.

Appointment Details

Mr. Kesavan Nair Padmanabhan (DIN: 11590183) has been appointed as an Independent Director for a first term of five consecutive years. The appointment is effective from March 7, 2026 and will remain valid up to March 6, 2031, both days inclusive. The resolution was classified as a special resolution under the postal ballot process.

E-Voting Results

The remote e-voting facility was provided by KFinTech Technologies Limited. The voting period commenced on March 27, 2026 at 9:30 a.m. IST and concluded on April 25, 2026 at 5:00 p.m. IST. A total of 9281 shareholders were on record as of the cut-off date.

Voting Summary

Scrutinizer Report

CS Jayesh Mansukh Parmar of Prajot Tungare & Associates, Company Secretaries, was appointed as the Scrutinizer for conducting the e-voting process. The report confirmed that 25 members voted in favour of the resolution representing 5,688,829 votes, while 2 members voted against representing 115 votes. No invalid votes were recorded during the process.

The company, formerly known as HOV Services Limited, is registered with CIN: L72200PN1989PLC014448 and has its registered office at 3rd Floor, Sharda Arcade, Pune Satara Road, Bibwewadi Pune - 411 037, Maharashtra, India.