HandsOn Global Management (HGM) Limited has published a public notice under Section 201 of the Companies Act 2013, announcing its intention to seek Central Government approval for a key directorial appointment. The company notified both stock exchanges about the newspaper publication on March 25, 2026.

Regulatory Compliance and Notice Publication

The company has fulfilled its regulatory obligations by publishing the public notice in Financial Express and Loksatta newspapers dated March 25, 2026. VP-Corporate Affairs, Company Secretary & Compliance Officer Bhuvanesh Sharma communicated this development to both BSE and NSE, providing newspaper clippings as required under the provisions of Section 201 of the Companies Act 2013.

Whole Time Director Appointment Details

The public notice pertains to the company's application to the Central Government for approval under Section 196(4) of the Companies Act 2013, read with Part I of Schedule V of the Act. The appointment concerns Mr. Sunil Vasant Rajadhyaksha (DIN: 00011683) as Whole Time Director for a five-year term.

Board and Shareholder Approvals

The appointment process has already secured necessary internal approvals. The Board of Directors approved the terms and conditions for Mr. Rajadhyaksha's appointment during their meeting held on May 30, 2025. Subsequently, shareholders provided their consent at the company's 37th Annual General Meeting.

Company Information

HandsOn Global Management (HGM) Limited, formerly known as HOV Services Limited, operates from its registered office at 3rd Floor, Sharda Arcade, Pune Satara Road, Bibwewadi Pune. The company maintains its corporate communication through established channels and continues to fulfill its compliance obligations as a listed entity.

The public notice represents a standard regulatory procedure for companies seeking Central Government approval for directorial appointments under the specified provisions of the Companies Act 2013.

HandsOn Global Management (HGM) Limited successfully concluded its postal ballot process on March 20, 2026, with shareholders approving four material related party transactions totaling US$ 15.95 million. The company submitted the voting results and scrutinizer report to both BSE and NSE, fulfilling regulatory requirements under SEBI regulations.

Regulatory Submission Details

The company formally communicated the postal ballot results to stock exchanges through official letters addressed to BSE (Scrip Code: 532761) and NSE (Symbol: HGM). VP-Corporate Affairs, Company Secretary & Compliance Officer Bhuvanesh Sharma signed the submission letters, which included detailed e-voting results and the scrutinizer report dated March 20, 2026.

Postal Ballot Overview

The e-voting process commenced on February 19, 2026, at 10:00 a.m. and concluded on March 20, 2026, at 5:00 p.m. Out of 9,338 total shareholders on record date (February 13, 2026), the voting saw participation of 1,310,837 votes representing 10.41% of the company's total outstanding shares of 12,594,972.

Resolution Results

All four ordinary resolutions seeking approval for material related party transactions were passed with varying degrees of support from public non-institutional shareholders, as promoters did not participate in the voting process.

Resolution 1: Aideo Technologies-HealthAxis Group Transaction

The transaction between Aideo Technologies LLC (wholly owned subsidiary) and HealthAxis Group LLC worth US$ 8.70 million received overwhelming support:

Resolutions 2-4: Other Material Transactions

The remaining three resolutions showed consistent voting patterns with 92.16% approval each:

Scrutinizer Report and Compliance

CS Jayesh Mansukh Parmar of Prajot Tungare & Associates served as the scrutinizer for the postal ballot process. The scrutinizer report confirmed that the voting was conducted in accordance with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. The company utilized KFinTech Technologies Limited's remote e-voting platform for the voting process.

Voting Participation Details

The voting was exclusively conducted through e-voting, with no participation through poll or traditional postal ballot methods. Notably, promoter and promoter group shareholders holding 6,349,829 shares did not participate in the voting process, while public institutional shareholders had zero holdings.

The successful approval of these material related party transactions enables HandsOn Global Management to proceed with the planned business arrangements across its subsidiary and associated entities, supporting the company's operational and strategic objectives.