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Promoter Reclassification24 Sept 2026, 09:55 pm

HGM Ltd: Promoter Reclassification Effected

AI Summary

HandsOn Global Management (HGM) Ltd has officially announced the effect of reclassification of certain shareholders from the 'Promoter/Promoter Group' category to the 'Public Shareholder' category. This change, approved by members on September 18, 2026, has been confirmed by KFin Technologies Limited, the Registrar and Share Transfer Agent, on September 23, 2026. The reclassified shareholders include Stern Capital Partners LLC (5.51%), Surinder Rametra (0.95%), and Sun Investment Partners LLC (0%), collectively holding 6.46% of the company's shares. HGM will reflect this reclassification in its upcoming shareholding patterns and other regulatory filings, ensuring compliance with SEBI Listing Regulations.

Key Highlights

  • Shareholders reclassified from Promoter to Public category.
  • Reclassification confirmed by Registrar and Share Transfer Agent.
  • Stern Capital Partners LLC and Surinder Rametra are now public shareholders.
  • Company to update subsequent shareholding patterns.
  • Compliance with SEBI Listing Regulations confirmed.