HandsOn Global Management (HGM) Limited concluded its 38th Annual General Meeting on September 18, 2026. The company secured shareholder approval for its audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting was held via Video Conferencing/Other Audio Visual Means (VC/OAVM), with the deemed venue at the company’s registered office in Pune. It commenced at 10:30 am and concluded at 11:17 am. The requisite quorum was present throughout the proceedings.

Key Proceedings

Members approved the audited standalone and consolidated financial statements for FY26, along with the reports of the Board of Directors and Auditors. The Chief Financial Officer presented the financial performance for the year ended March 31, 2026.

Statutory and Secretarial Auditors issued reports containing no qualifications, reservations, or adverse remarks. These documents were taken as read by the members.

Voting and Governance

Remote e-voting was available from September 14, 2026, to September 17, 2026. M/s Prajot Tungare & Associates served as the scrutinizer for the e-voting process. Members present at the AGM who had not voted remotely could cast their votes via InstaPoll during the meeting.

The Chairman addressed questions from members before concluding the session. The voting results for the resolutions will be filed separately with the exchanges.

What the Numbers Show

The source document does not disclose specific financial figures such as revenue or profit for FY26. The primary material fact is the clean audit opinion received for both standalone and consolidated accounts, indicating compliance with accounting standards and regulatory requirements for the period ended March 31, 2026.

HandsOn Global Management (HGM) Limited approved a subscription to 204,946 shares of common stock in XBP Global Holdings Inc for US$579,997 on September 17, 2026. The transaction secures a 1.45% stake in the NASDAQ-listed workflow automation firm.

The Board of Directors approved the investment following a recommendation from the Audit Committee. HGM will hold the shares through HCI LLC at a price of US$2.83 per share. The company classified the deal as a non-material related party transaction under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Rationale

The acquisition supports HGM’s management strategy to integrate AI-led automation into critical workflows. The move aims to meet growing demand for efficiency and explore new business avenues within the AI ecosystem. The filing states the investment has no impact on existing operations.

XBP Global operates as a workflow automation leader leveraging Agentic AI and global industry experience. It employs approximately 9,000 people across 20 countries and serves over 2,000 clients worldwide.

Transaction Details

The subscription was executed alongside other investors at market value. No prior regulatory approvals were required for the common stock subscription. The promoter of HGM holds an equity interest in XBP Global and serves on its board of directors, but the transaction was conducted on an arm’s length basis.

What the Numbers Show

XBP Global’s revenue trajectory highlights significant consolidation activity. Turnover surged from US$166.3 million in FY23 to US$867.1 million in FY24, driven by the July 2025 acquisition of Exela Technologies BPA, LLC. However, revenue contracted to US$788.0 million in FY25, indicating a normalization phase post-acquisition. Geographically, the USA remains the dominant market, contributing 87% of revenues for the three months ended June 30, 2026.