HandsOn Global Management Receives No Objection from BSE and NSE for Promoter Reclassification
HandsOn Global Management (HGM) Ltd. announced on July 24, 2026, that it has received No Objection Letters (NOLs) from the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). These approvals concern the reclassification of certain promoter entities from the "Promoter" category to the "Public" category.The reclassification pertains to several shareholder entities whose holdings are detailed as follows:
| Sr. No. | Name of Shareholder | Category | Number of Shares Held | Percent of Shares Held |
|---|---|---|---|---|
| 1 | Stern Capital Partners LLC | Promoter | 694,246 | 5.51% |
| 2 | Surinder Rametra | Promoter | 120,000 | 0.95% |
| 3 | Sun Investment Partners LLC | Promoter | 0 | 0% |
| Total | 814,246 | 6.46% |
The approvals granted by both BSE and NSE cover the reclassification request submitted by HGM. The process aims to move these shareholders from the defined "Promoter" status to the general "Public" category.
The company confirmed that the proposed reclassification is subject to the approval of its shareholders in line with applicable regulations, and it will only become effective upon obtaining such shareholder approval and completing all other necessary formalities. HGM stated that further disclosures regarding the reclassification will be made once it becomes effective post receiving shareholder consent.
HGM Stock Price Movement
Shares of HandsOn Global Management (HGM) shed 0.95% in post-market trading, closing today at ₹46.73. The equity traded within a range defined by a low of ₹45.00 and a high of ₹48.49 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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