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.

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.