HGM Limited has informed the Exchange about 37th Annual General Meeting convened on September 12, 2025.
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HandsOn Global Management (HGM) Limited (formerly HOV Services Limited) has dispatched the notice for its 37th Annual General Meeting on August 18, 2025, scheduled for Friday, September 12, 2025, at 10:30 AM IST via video conferencing. Key business items include adoption of audited standalone and consolidated financial statements for FY 2024-25, re-appointment of Mr. Vikram Negi as Director (retiring by rotation), and re-appointment of Mr. Sunil Rajadhyaksha as Whole-Time Director for another five-year term from April 1, 2026 to March 31, 2031, with a maximum remuneration of Rs. 84 lakh per year. Shareholders will also vote on appointing Mrs. Ruchi Bhave as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and approving three material related party transactions: Rs. 10 crore with SourceHOV LLC (45% of turnover), Rs. 60 crore with XBP Europe Limited (267% of turnover), and Rs. 7 crore with Aideo Technologies LLC (31% of turnover). The XBP Europe transaction is notably large at over 2.6 times the company's annual consolidated turnover. Promoter directors, being related parties, will not vote on the RPT resolutions.
This is a routine AGM notice, but the XBP Europe RPT at 267% of annual turnover is unusually large and warrants close investor attention. Shareholders should review the director re-appointments, auditor change, and material related party transactions before exercising their votes; remote e-voting is open from September 8 to September 11, 2025.