HandsOn Global Management (HGM) Limited, formerly known as HOV Services Limited, has reported a robust financial performance for the second quarter ended September 30, 2025, alongside a strategic investment in AI-powered healthcare solutions.

Q2 Financial Highlights

HGM Limited showcased significant growth in its standalone financial results for Q2 FY2026:

The company's consolidated results also reflected strong performance:

Strategic Investment in AI-Powered Healthcare

HGM Limited has made a strategic investment of ₹545.84 crore in Aideo Technologies LLC, a company specializing in AI-powered autonomous coding solutions for healthcare. This investment aligns with HGM's focus on leveraging advanced technologies to enhance its service offerings in the healthcare sector.

Corporate Governance Update

The company's board has approved seeking shareholder approval for the appointment of Mrs. Bhavana Sharma as an Independent Director through a postal ballot. This move is aimed at strengthening the company's corporate governance structure.

Financial Performance Analysis

The financial results indicate a strong growth trajectory for HGM Limited, particularly in its standalone operations. Key observations include:

• Standalone revenue from operations increased by 231.9% year-over-year.
• Standalone profit after tax grew by 150.5% compared to the same quarter last year.
• Consolidated revenue showed significant growth, but profit after tax declined by 37.7% year-over-year.

Strategic Direction

HGM's investment in AI-powered healthcare solutions suggests the company's commitment to innovation and expansion in high-growth technology sectors. This strategic move could potentially provide a competitive edge in the evolving healthcare technology landscape.

Conclusion

HandsOn Global Management's impressive year-over-year growth in standalone revenue and profitability, coupled with its strategic investment in AI technology, positions the company for potential continued growth. However, the disparity between standalone and consolidated profit figures may warrant further analysis.

Investors are advised to conduct their own research and consider market conditions when making investment decisions.

HandsOn Global Management (HGM) Limited, formerly known as HOV Services Limited, has successfully concluded the postal ballot process for the appointment of Mrs. Bhavana Sharma as Independent Director. The resolution received overwhelming shareholder support with 99.99% approval on December 18, 2025.

Official Postal Ballot Results

The company announced the completion of its postal ballot process under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results demonstrate strong shareholder confidence in the board appointment:

Board Appointment Confirmed

Mrs. Bhavana Sharma's appointment as Additional Director in the capacity of Non-Executive Independent Director is now effective from October 15, 2025, for a five-year term extending up to October 14, 2030. The appointment, which was subject to shareholder approval through the postal ballot process, has been successfully ratified through the special resolution.

Scrutinizer Report and Compliance

CS Jayesh Mansukhbhai Parmar, Company Secretary in Practice and Partner of Prajot Tungare Associates, served as the appointed Scrutinizer for conducting the e-voting process. The remote e-voting facility was provided by KFin Technologies Limited, with the voting period commencing on November 19, 2025, at 10:00 AM IST and concluding on December 18, 2025, at 05:00 PM IST.

Professional Background and Qualifications

Mrs. Sharma brings extensive experience to her new role with over 25 years of comprehensive experience across multiple sectors, with a focus on IT. Her expertise includes Organizational Management, particularly in People Practices and HR, along with specialized skills in strategic HR functions, workforce retention, and automation. She holds an Executive MBA in HR, certifications in Business Analytics, and leadership development credentials from XLRI.

Committee Restructuring

Following the confirmed appointment, HGM Limited has reconstituted two key committees:

Audit Committee

Nomination & Remuneration Committee

The successful completion of this postal ballot process and the overwhelming shareholder support demonstrate HGM Limited's commitment to maintaining strong corporate governance standards and board diversity.