Promoter Reclassification18 Sept 2026, 07:10 pm
HGM Ltd: Shareholders Approve Promoter Reclassification
AI Summary
HandsOn Global Management (HGM) Ltd announced that its shareholders have approved the reclassification of certain promoter/promoter group entities to the 'Public Shareholder' category. This approval was granted via an Ordinary Resolution at the company's 38th Annual General Meeting (AGM) held on September 18, 2026. The reclassification affects entities including Stern Capital Partners LLC (holding 5.51%) and Surinder Rametra (holding 0.95%), collectively representing 6.46% of the company's shares. This move is in compliance with SEBI LODR 2015 regulations.
Key Highlights
- Shareholders approved promoter reclassification to public category.
- Reclassification impacts 6.46% of total shareholding.
- Stern Capital Partners LLC and Surinder Rametra are part of the reclassification.
- Approval obtained via Ordinary Resolution at 38th AGM.
- Compliance with SEBI LODR Regulation 31A.
Price Impact
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