Corporate Governance16 Jun 2026, 08:20 pm
HGM Ltd Notes Temporary Board Composition Non-Compliance
AI Summary
HandsOn Global Management (HGM) Ltd's Board, in its meeting on May 30, 2026, acknowledged a brief non-compliance with SEBI (LODR) Regulations, 2015 regarding board composition. This occurred between October 13-14, 2025, due to a vacancy from a Woman Independent Director's resignation. The vacancy was filled on October 15, 2025, rectifying the situation. Management has been advised to enhance monitoring and succession planning to prevent future occurrences.
Key Highlights
- Board noted temporary non-compliance with SEBI LODR Regulations.
- Non-compliance period was October 13-14, 2025.
- Issue arose from resignation of a Woman Independent Director.
- Vacancy was filled, and compliance was restored on October 15, 2025.
- Management advised to improve compliance monitoring and succession planning.
Price Impact
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