HGM Limited Concludes Postal Ballot with 99.99% Approval for Director Appointment
HandsOn Global Management (HGM) Limited has successfully completed the postal ballot process for appointing Mrs. Bhavana Sharma as Independent Director, receiving overwhelming 99.99% shareholder approval. The e-voting process, conducted through KFin Technologies Limited and overseen by appointed Scrutinizer CS Jayesh Mansukhbhai Parmar, concluded on December 18, 2025, with strong regulatory compliance under SEBI regulations.
*this image is generated using AI for illustrative purposes only.
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:
| Voting Details: | Results |
|---|---|
| Total Shareholders on Record: | 9,564 |
| Total Votes Cast: | 5,889,376 |
| Votes in Favour: | 5,889,268 (99.9982%) |
| Votes Against: | 108 (0.0018%) |
| Overall Approval: | 99.99% |
| Voting Period: | November 19 - December 18, 2025 |
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.
| Regulatory Details: | Information |
|---|---|
| Scrutinizer: | CS Jayesh Mansukhbhai Parmar |
| E-voting Provider: | KFin Technologies Limited |
| Cut-off Date: | November 14, 2025 |
| Notice Date: | November 14, 2025 |
| DIN Number: | 11342738 |
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
| Name: | Designation/Category |
|---|---|
| Mr. Harjit Singh Anand | Chairman, Committee (Independent Director) |
| Mr. Ajay Puri | Member (Independent Director) |
| Mrs. Bhavana Sharma | Member (Independent Director) |
| Mr. Parvinder S Chadha | Member (Chairman & Executive Director) |
Nomination & Remuneration Committee
| Name: | Designation/Category |
|---|---|
| Mrs. Bhavana Sharma | Chairman, Committee (Independent Director) |
| Mr. Harjit Singh Anand | Member (Independent Director) |
| Mr. Ajay Puri | Member (Independent Director) |
| Mr. Parvinder S Chadha | Member (Chairman, Board & Executive Director) |
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.
Historical Stock Returns for HandsOn Global Management (HGM)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.14% | +3.57% | -14.79% | -23.20% | -43.46% | -26.71% |
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