HandsOn Global Management (HGM) Limited has informed the Exchange about receipt of request letters for re-classification of shareholdings of the three Promoter/s category to the Public category under Reg.31A of SEBI LODR.
HGM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Three entities/persons in the Promoter category have requested re-classification to Public shareholders under SEBI Regulation 31A. Stern Capital Partners LLC holds 694,246 shares (5.51%), Surinder Rametra holds 120,000 shares (0.95%), and Sun Investment Partners LLC holds 0 shares. Combined, this represents 6.46% of total shares. All three have certified they do not hold more than 10% voting rights, exercise no control over the company, have no special rights, and are not wilful defaulters or fugitive economic offenders. The requests will now be placed before the Board of Directors for consideration and subsequent approval process.
Once approved, the company's official promoter holding will reduce by 6.46 percentage points, which may slightly improve public shareholding metrics. This is an administrative reclassification, not a share sale, so no immediate change in actual share distribution occurs.