HandsOn Global Management (HGM) Limited has informed the Exchange regarding Appointment of Mr. Ajay Puri as Non- Executive Independent Director of the company w.e.f. September 22, 2026.
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The Board of HGM Limited met on May 30, 2026 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Statutory auditors Lodha & Co LLP issued an unmodified (clean) opinion on the financials. The Board also received reclassification requests from certain promoters seeking to move their shareholding to the Public category, subject to stock exchange no-objection and shareholder approval. The registered office will shift from the 3rd to 4th floor of the same building effective July 1, 2026. Additionally, Mr. Ajay Piri was re-appointed as Non-Executive Independent Director for a second five-year term from September 22, 2026 to September 21, 2031, pending shareholder approval. Ajay Piri brings over 30 years of experience in HVACR, consumer durables, mega projects, and technology sectors, and currently serves as Executive Director at Reliable Business Technologies Sdn. Bhd., Malaysia.
The clean audit and stable financials are positive signals. The promoter reclassification request, if approved, could alter the company's promoter group shareholding structure and free float. The re-appointment of an experienced independent director strengthens board governance ahead of the new term.