Promoter Reclassification11 May 2026, 12:26 pm
HGM: Promoters Seek Reclassification to Public Category
AI Summary
HandsOn Global Management (HGM) Ltd received requests from Stern Capital Partners LLC, Surinder Rametra, and Sun Investment Partners LLC, collectively holding 6.46% of shares, to reclassify their shareholding status from Promoter to Public category. The board will consider the requests, which comply with Regulation 31A of the Listing Regulations.
Key Highlights
- Stern Capital Partners LLC seeks reclassification for its 5.51% stake.
- Surinder Rametra requests reclassification for his 0.95% shareholding.
- Sun Investment Partners LLC also seeks reclassification with 0% holding.
- Requests comply with Regulation 31A(3)(b)/31A(4) of Listing Regulations.
- Board of Directors will consider the reclassification requests.
Price Impact
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