HandsOn Global Management (HGM) Limited has announced the appointment of Mr. Kesavan Nair Padmanabhan as an Additional Director in the category of Non-Executive Independent Director. The appointment was approved by the company's Board of Directors through circulation on March 7, 2026, following recommendations from the Nomination and Remuneration Committee.

Appointment Details

The new directorship carries specific terms and conditions that align with regulatory requirements:

Professional Background

Mr. Nair brings extensive industry expertise to the HandsOn Global Management board. He is a seasoned Oil & Gas industry professional with over 40 years of business experience, having successfully built a highly reputable multi-million dollar enterprise from a start-up. His motivation for success continues to be building an extensive executive network with the purpose of connecting the latest proven technology in various sectors with industry majors such as Saudi Aramco and others to generate real business efficiency and value.

Additional Qualifications

Beyond his Oil & Gas expertise, Mr. Nair has demonstrated versatility across multiple sectors. He has helped many businesses in the Health & Technology sectors to raise capital through his extensive network, showcasing his ability to leverage connections for business growth and development.

Regulatory Compliance

The appointment fulfills all regulatory requirements under SEBI regulations:

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The appointment strengthens the company's board composition with independent oversight and brings valuable industry experience to guide strategic decisions.

HandsOn Global Management (HGM) Limited has submitted a postal ballot notice to BSE and NSE seeking shareholder approval for material related party transactions (RPTs) worth US$ 15.95 Million for the financial year 2026-27. The company filed the notice dated February 14, 2026, under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Transaction Overview

The postal ballot encompasses four ordinary resolutions for material related party transactions with different entities. All transactions are structured as service contracts in the ordinary course of business and at arm's length pricing basis.

Conversion rate considered: 1 US$ = INR 90

E-Voting Schedule

The company has established a comprehensive e-voting timeline for shareholder participation:

Transaction Details and Rationale

The largest transaction involves Aideo Technologies LLC, a wholly owned subsidiary of HGM, providing business support services to HealthAxis Group LLC worth US$ 8.70 Million. HealthAxis Group LLC operates in the United States healthcare sector, offering advanced core administrative processing systems and business process services.

XBP Europe Limited, a UK-based pan-European integrator of bills and payments solutions, represents the second-largest transaction at US$ 6 Million. The company had existing transactions with XBP Europe Limited worth ₹ 39.19 Crores in the current financial year up to the preceding quarter.

SourceHOV LLC and HOVG LLC, both US-based entities specializing in business process outsourcing and technology-enabled services, complete the transaction portfolio. These entities are group companies of Exela Technologies, Inc., in which HGM holds investments.

Regulatory Compliance and Governance

The Audit Committee reviewed and approved all proposed transactions on February 14, 2026, confirming they are in the best interests of the company and shareholders. The Board of Directors subsequently approved the transactions, subject to shareholder consent through the postal ballot process.

All transactions comply with Regulation 23(4) of SEBI Listing Regulations and Section 188 of the Companies Act, 2013. The company has appointed Mr. Prajot Tungare, Practicing Company Secretary, as Scrutinizer for the e-voting process to ensure fair and transparent conduct.

Company Background

HandsOn Global Management (HGM) Limited, formerly known as HOV Services Limited, operates from its registered office in Pune, Maharashtra. The company specializes in business process outsourcing and technology-enabled services, serving clients across multiple geographies including the United States and Europe.