Disclosure of material issue

HGM Limited has received No Objection Letters from BSE and NSE for the reclassification of certain promoters (Stern Capital Partners LLC, Surinder Rametra, and Sun Investment Partners LLC) to the public category. **Issue:** The company is seeking to change the classification of some of its promoters to the public category. **Possible Impact:** This reclassification, if approved by shareholders, could alter the ownership structure and potentially influence future strategic decisions. **Company's Response/Mitigation:** HGM has obtained the necessary "No Objection Letters" from the stock exchanges.

The next step involves obtaining shareholder approval for this reclassification.