Disclosure of material issue

**HandsOn Global Management (HGM) Limited** (formerly HOV Services Limited) has announced a board meeting where promoters (Stern Capital Partners LLC, Mr. Surinder Rametra, and Sun Investment Partners LLC) requested reclassification of their shareholding from "Promoter/Promoter Group" to "Public." **The Issue:** Certain promoters wish to change their shareholding classification. **Possible Impact:** This reclassification could alter the promoter holding percentage, potentially impacting control dynamics and market perception. **Company's Response:** The Board has approved these requests, subject to stock exchange and shareholder approvals.

This is a step towards formalizing the reclassification.