Summary of Key Information:
Target Company: HandsOn Global Management (HGM) Limited
Stock Exchange Listings:
NSE Scrip Code: HGM
BSE Scrip Code: 532761
Nature of Transaction / Event: Reclassification of Persons from 'Promoter/Promoter Group' category to 'Public Shareholder' category
Date of Transaction: 18/09/2026 (Date of AGM approval)
Entities Reclassified:
- Stern Capital Partners LLC - 694,246 shares
- Surinder Rametra - 120,000 shares (0.95%)
- Sun Investment Partners LLC - 0 shares
Total Shares Affected: 814,246 shares
% of Total Shareholding / Voting Capital Affected: 6.46%
Regulatory Basis: Regulation 31A(3) and 31A(8) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR 2015)
Approval Mechanism: Ordinary Resolution passed at 38th Annual General Meeting
Other Noteworthy Information:
- Voting results and Scrutinizer's Report have been submitted to stock exchanges
- This filing serves as compliance under Regulation 31A(8) of SEBI Listing Regulations, 2015
- The reclassification applies to three specific entities within the promoter group
Analyst Notes:
This is a regulatory compliance filing regarding ownership structure reclassification approved by shareholders. The transaction involves formal movement of 6.46% stake from promoter to public category as per SEBI LODR requirements.