HandsOn Global Management (HGM) Limited, formerly known as HOV Services Limited, has announced the appointment of Mrs. Bhavana Sharma as an Additional Director in the capacity of Non-Executive Independent Director. This strategic move, aimed at strengthening the company's board, comes with a series of changes in the composition of key committees.

Board Appointment and Term

Mrs. Bhavana Sharma's appointment, effective from October 15, 2025, is for a five-year term extending up to October 14, 2030. However, this appointment is subject to shareholder approval through a postal ballot process, underscoring the company's commitment to corporate governance and shareholder engagement.

Professional Background

Mrs. Sharma brings a wealth of experience to her new role:

• Over 25 years of comprehensive experience across multiple sectors, with a focus on IT
• Expertise in Organizational Management, particularly in People Practices and HR
• Specialized skills in strategic HR functions, workforce retention, and automation
• Experience in leading nationwide initiatives such as Hackathons
• Strong understanding of global work ethics, competitiveness, and industry best practices

Educational Qualifications

Mrs. Sharma's educational background includes:

• Executive MBA in HR
• Certifications in Business Analytics
• Leadership development from XLRI

Committee Restructuring

In light of this new appointment, HGM Limited has announced the reconstitution of two key committees:

Audit Committee

Nomination & Remuneration Committee

It's noteworthy that Mrs. Sharma has been appointed as the Chairman of the Nomination & Remuneration Committee, highlighting the immediate impact of her addition to the board.

Regulatory Compliance

HGM Limited has confirmed that Mrs. Sharma is not debarred from holding office by virtue of any SEBI order or any other such authority. Additionally, she has no relationships with existing directors or promoters of the company, ensuring her independence in the role.

This appointment and the subsequent committee restructuring demonstrate HGM Limited's commitment to maintaining a diverse and experienced board, potentially positioning the company for enhanced corporate governance and strategic growth in the coming years.

HOV Services has announced a strategic acquisition that promises to bolster its position in the AI-driven healthcare services sector. The company's board has approved the purchase of a 100% equity stake in Aidéo Technologies LLC, a Delaware-incorporated AI-powered autonomous medical coding platform provider, for Rs. 14.08 crores.

Acquisition Details

The acquisition will be executed through HOV Services' wholly-owned subsidiary, Healthcare Capital Holdings LLC (HCH). Instead of a cash transaction, the deal will be completed through the issuance of HCH Class B Preferred Stock. This move is expected to make Aidéo Technologies an indirect wholly-owned subsidiary of HOV Services.

About Aidéo Technologies

Aidéo Technologies, headquartered in Las Vegas, Nevada, specializes in AI-powered autonomous coding solutions for the revenue cycle management (RCM) industry. The company has shown impressive growth over the past few years:

Strategic Implications

Dr. Bhargav Thakkar, EVP Healthcare of HOV Services, highlighted the strategic importance of this acquisition: "Acquiring Aidéo Technologies is a major step towards our goal of building a comprehensive AI-driven healthcare services platform. Aidéo's Autonomous Coding Platform, built on advanced AI, natural language processing, real-time analytics, and Large Language Models (LLM), delivers accuracy that surpasses manual and traditional CAC tools."

The acquisition is expected to enhance HOV Services' capabilities in several key areas:

1. Revenue cycle management (RCM)
2. Medical coding
3. Healthcare analytics

Aidéo's Technology

Aidéo's flagship product, the Gemini Solution Suite, offers AI-powered medical coding productivity solutions with HL7 interoperability for EHR systems. It caters to various medical specialties, including:

• Surgical specialties
• Emergency departments
• Anesthesia
• Radiology
• RCM companies across the U.S.

Transaction Timeline

The acquisition is expected to close in August, requiring no prior regulatory approvals as it is being conducted through a wholly-owned subsidiary.

Market Impact

This strategic move by HOV Services reflects the growing trend of integrating AI-led automation into critical healthcare workflows. As the healthcare industry continues to seek efficiency and innovation, such acquisitions are likely to play a crucial role in shaping the future of medical coding and revenue cycle management.

Investors and industry observers will be keenly watching how this acquisition impacts the company's market position and financial performance in the coming quarters.