HGM Ltd Receives Exchange Nod for Promoter Reclassification
HandsOn Global Management (HGM) Ltd announced on July 24, 2026, that it has received No Objection Letters (NOLs) from both BSE Limited and the National Stock Exchange of India Limited. These approvals pertain to the company's application for the reclassification of certain promoters, including Stern Capital Partners LLC, Surinder Rametra, and Sun Investment Partners LLC, from the 'Promoter' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. The reclassification is subject to shareholder approval and will become effective upon completion of all statutory and regulatory formalities. The total shares held by these promoters amount to 814,246, representing 6.46% of the company's shares.
Key Highlights
- HGM Ltd received exchange no-objection for promoter reclassification.
- Promoters Stern Capital Partners, Surinder Rametra, Sun Investment Partners to move to Public category.
- Reclassification is subject to shareholder approval.
- Total shares involved in reclassification are 6.46%.
Price Impact
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