HandsOn Global Management (HGM) Limited will hold its 38th Annual General Meeting (AGM) on September 18, 2026, at 10:30 am via Video Conferencing or Other Audio Video Means (OAVM). The meeting aims to adopt financial statements and approve key governance changes.

The company dispatched the AGM notice and FY26 Annual Report electronically on August 24, 2026, in compliance with SEBI Listing Regulations. A public notice was also published in Financial Express and Loksatta on August 25, 2026.

Governance and Director Appointments

Shareholders will vote on the reappointment of Mr. Sunil Vasant Rajyadhyaksha as a director, who retires by rotation. Additionally, a special resolution seeks approval for the reappointment of Mr. Ajay Puri as an Independent Director for a second term of five years, effective from September 22, 2026, to September 21, 2031.

Mr. Puri, who holds no shares in the company, was initially appointed in September 2021. The resolution also permits his continuation beyond the age of 75, which he will attain in August 2030, subject to shareholder approval under Section 149 of the Companies Act, 2013.

Shareholding Reclassification

A significant agenda item involves reclassifying specific promoter shareholdings to the public category under Regulation 31A of the SEBI LODR Regulations. The board received non-objection certificates from both BSE and NSE on July 24, 2026.

Sun Investment Partners LLC, which holds zero shares and has no management involvement, will be removed from the promoter category entirely. Promoters seeking reclassification are barred from voting on this resolution.

Voting and Participation

Remote e-voting opens on September 14, 2026, at 9:00 am and closes on September 17, 2026, at 5:00 pm. Members can attend the virtual meeting via KFin Technologies Limited’s platform using their e-voting credentials. The cut-off date for membership is September 11, 2026. Prajot Tungare & Associates has been appointed as scrutinizer for the e-voting process.

What the Numbers Show

The reclassification of 6.46% of the total equity from the promoter category to the public category indicates a structural shift in the company's ownership classification. While this does not alter the absolute number of public shares available for trading, it formally adjusts the regulatory categorization of institutional holders like Stern Capital Partners LLC, potentially impacting future block trade disclosures and compliance reporting under SEBI norms.

HandsOn Global Management (HGM) reported a consolidated net loss of ₹305.4 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹421.7 lakh in the previous year. The company’s revenue from operations surged by 164.7% to ₹5,947.8 lakh, driven primarily by the consolidation of its newly acquired subsidiary, Aideo Technologies LLC.

Financial Performance

The group’s total income rose by 154.4% to ₹6,295.5 lakh from ₹2,475.1 lakh in FY25. However, total expenses grew at a significantly faster pace of 221.6%, reaching ₹6,417.6 lakh against ₹1,995.6 lakh in the prior year. This expense inflation was largely attributable to employee benefits, which jumped 192.7% to ₹5,016.0 lakh, and other expenses, which surged 526.9% to ₹1,030.2 lakh.

On a standalone basis, the parent company remained profitable. Standalone net profit after tax increased by 33.1% to ₹562.2 lakh from ₹422.4 lakh. Standalone revenue from operations grew 152.6% to ₹5,675.7 lakh.

What the Numbers Show

The divergence between standalone profitability and consolidated losses highlights the immediate impact of the Aideo acquisition. The subsidiary, acquired effective September 1, 2025, contributed significant revenue but operated at a loss during the seven-month consolidation period. Additionally, the group recognized goodwill of ₹1,809.1 lakh related to the acquisition, while finance costs more than sextupled to ₹108.9 lakh due to new borrowings and lease liabilities.

Strategic Developments

The board did not recommend a dividend for FY26, opting to conserve resources for strategic growth. The company continues to focus on AI-enabled healthcare solutions and intelligent automation platforms. Shareholders will vote on the re-appointment of independent director Ajay Puri and the reclassification of certain promoter shareholdings at the 38th Annual General Meeting scheduled for September 18, 2026.