HGM Limited Reports Temporary SEBI Board Non-Compliance

Date: June 16, 2026

Board Meeting Outcomes

• The Board meeting was held on May 30, 2026
• Board noted temporary non-compliance with SEBI (LODR) Regulations, 2015 board composition requirements
• Non-compliance period: October 13, 2025 to October 14, 2025 (2 days)
• Cause: Vacancy created by resignation of a Woman Independent Director
• Rectification: Vacancy was duly filled with effect from October 15, 2025
• Board advised Management to strengthen monitoring and succession planning processes
• Purpose: To ensure timely compliance and prevent recurrence of similar instances