HandsOn Global Management (HGM) Limited approved a short-term related party transaction during its board meeting held on September 3, 2026. The company sanctioned a loan of ₹5.50 crore to XBP Asia IT Solutions Private Limited.

The transaction is classified as non-material under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It received prior approval from the Audit Committee before being ratified by the Board of Directors.

Loan Terms and Structure

The funds are intended to meet short-term funding requirements for XBP Asia IT Solutions Private Limited, a related party entity. The agreement specifies a tenor of 90 days with an interest rate of 10% per annum.

The board meeting commenced at 6:30 pm and concluded at 7:00 pm. Bhuvanesh Sharma, VP-Corporate Affairs, Company Secretary & Compliance Officer, confirmed the outcome in a filing to the National Stock Exchange and Bombay Stock Exchange.

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.