HandsOn Global Management (HGM) Limited has informed regarding Disclosure of material issue- Application made for NOC of Stock Exchange under Regulation 31A
HGM · price
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HandsOn Global Management (HGM) Limited has submitted applications to NSE and BSE seeking No Objection Certificate for reclassifying three entities from the Promoter category to the Public category. The three entities involved are Stern Capital Partners LLC (holding 694,246 shares or 5.51%), Surinder Rametra (holding 120,000 shares or 0.95%), and Sun Investment Partners LLC (holding 0 shares). The total shares affected are 814,246 representing 6.46% of the company's equity. This follows a Board meeting held on May 30, 2026, where the company approved requests from these persons for reclassification, subject to stock exchange and shareholder approvals as per SEBI LODR Regulation 31A.
Reclassification of 6.46% stake from Promoter to Public category will reduce the recorded promoter holding in the company. Once approved, these entities will no longer be subject to promoter lock-in norms and disclosure requirements, which may increase the available floating stock.