HandsOn Global Management (HGM) Limited has received No Objection Letters (NOLs) from both BSE Limited and National Stock Exchange of India Limited on July 24, 2026, approving the company's application for reclassification of three promoters from the "Promoter" category to the "Public" category under Regulation 31A of the SEBI LODR Regulations.
The specific promoters subject to reclassification and their current shareholding are:
- Stern Capital Partners LLC - 694,246 shares (5.51% equity)
- Surinder Rametra - 120,000 shares (0.95% equity)
- Sun Investment Partners LLC - 0 shares (0% equity)
- Total: 814,246 shares (6.46% equity)
The NOLs received are:
- BSE No Objection Letter No. LIST/COMP/SJ/151/2026-27 dated July 24, 2026
- NSE No Objection Letter No. NSE/LIST/COMP/HGM/605/2026-2027 dated July 24, 2026
The reclassification application was originally submitted on May 30, 2026. The proposed reclassification is subject to approval by the shareholders of the company in accordance with Regulation 31A of the SEBI LODR Regulations. The reclassification will only become effective upon obtaining shareholder approval and completion of all other applicable statutory and regulatory formalities.
The company has committed to making further disclosures once the reclassification becomes effective post obtaining shareholders' approval. The correspondence was signed by Bhuvanesh Sharma, VP-Corporate Affairs, Company Secretary & Compliance Officer of HGM Limited.