Promoter Reclassification30 May 2026, 10:30 am
HGM Ltd: Promoter Reclassification Request Approved
AI Summary
HandsOn Global Management Ltd's board approved the request from Mr. Surinder Rametra, Stern Capital Partners LLC, and Sun Investment Partners LLC to reclassify their shareholding from "Promoter" to "Public" category, as per Regulation 31A of SEBI LODR. The decision is subject to stock exchange approval and shareholder consent. The promoters collectively hold 6.46% of the company's shares, with Stern Capital Partners LLC holding 5.51%, Mr. Surinder Rametra holding 0.95%, and Sun Investment Partners LLC holding 0%.
Key Highlights
- HGM Ltd board approves promoter reclassification to 'Public' category.
- Reclassification requests from Surinder Rametra, Stern Capital, and Sun Investment.
- Promoters collectively hold 6.46% shares seeking reclassification.
- Approval contingent on stock exchange and shareholder consent.
- Decision aligns with SEBI LODR Regulation 31A.
Price Impact
More from HOVS