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HOV Services Board Approves Name Change to HandsOn Global Management (HGM) Limited

Source |01:32 25 Jun 25

corporate actions agm-egm

HOV Services Limited's Board of Directors, via resolutions by circulation dated June 24, 2025, has approved the following business, subject to shareholder approval:

Change of the company's name from HOV Services Limited to HandsOn Global Management (HGM) Limited. This change aims to better align with the management's vision to establish the company as a global organization, focusing on being a hybrid investment and diversified service provider, particularly in Europe for services such as Enterprise Information Management, Business Process Management, Revenue Cycle Management, and Cloud & AI Technology.
Alignment of the existing Memorandum of Association (MOA) and Articles of Association (AOA) with 'Table-A' and 'Table-F' as prescribed under Schedule I of the Companies Act, 2013.
These proposals will be presented for shareholder approval at the company's 37th Annual General Meeting (AGM) to be convened on September 12, 2025. The company clarified that the name change will not impact its legal structure, contractual obligations, ownership, or investor rights.

HOVS

HOVS Services Limited Announces Q4 & Year End Results as of March 31, 2025

Source |07:42 31 May 25

results regulatory filings

HOV Services Limited has released its financial results for Q4 and the year ended March 31, 2025.
The results were published in the Financial Express and Pune Loksatta newspapers on May 31, 2025.
The announcement pertains to compliance under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

HOVS

HOV Services Limited: 37th Annual General Meeting on September 12, 2025

Source |11:07 30 May 25

agm-egm regulatory filings

HOV Services Limited announced that the 37th Annual General Meeting (AGM) will be held on September 12, 2025, via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
Cut-off date for ascertaining members to whom AGM Notice and Annual Report shall be sent is August 15, 2025.
The cut-off date for remote e-voting is September 4, 2025.
Remote e-voting will commence at 9:00 am (IST) on September 8, 2025, and conclude at 5:00 pm (IST) on September 11, 2025.
The Register of Member and Share Transfer Books will be closed from September 10, 2025, to September 12, 2025 (both days inclusive).

HOVS

HOVS Services grants 60,000 ESOPs under HOVS ESOP Plan 2007

Source |07:00 30 May 25

regulatory filings corporate actions

HOV Services Limited announced that the Nomination & Remuneration Committee of the Board of Directors granted 60,000 ESOPs to eligible employees on May 30, 2025, pursuant to the HOVS Stock Option Plan 2007.
Each stock option is convertible into one fully paid-up equity share of the Company.
The exercise price will be equal to the Market Price of the Shares as on the date of grant, as per the Plan.
The options can be exercised within five years from the date of vesting.
Shares arising from the exercise of vested options will not be subject to any lock-in period after such exercise.
The plan outlines how stock options will be handled in cases of death, permanent incapacity, resignation, and termination.

HOVS

HOVS Reports Strong FY25 Results, Establishes US Healthcare Subsidiary, Reappoints Director

Source |05:17 30 May 25

results corporate actions board changes

HOV Services Limited announced its audited financial results for the quarter and year ended March 31, 2025, along with other key decisions from its Board Meeting held on May 30, 2025.

Financial Performance (Standalone & Consolidated) for FY25:
- The company reported a standalone revenue from operations of ₹2,246.83 lakhs for the financial year ended March 31, 2025, with a profit of ₹422.39 lakhs. Basic and Diluted Earnings Per Share (EPS) stood at ₹3.35.
- For the quarter ended March 31, 2025, standalone revenue from operations was ₹551.48 lakhs, and profit was ₹132.33 lakhs, with an EPS of ₹1.05.
- Consolidated revenue from operations for the year ended March 31, 2025, was ₹2,246.83 lakhs, with a profit from continuing operations of ₹422.32 lakhs. Consolidated EPS from continuing operations was ₹3.35.
- For the quarter ended March 31, 2025, consolidated revenue from operations was ₹551.48 lakhs, and profit from continuing operations was ₹132.36 lakhs. Consolidated Total Comprehensive Income for the quarter was a loss of ₹153.78 lakhs, primarily due to changes in fair value of FVOCI equity instruments.
- The Statutory Auditors, Lodha & Co LLP, have issued an unmodified opinion on both standalone and consolidated financial results.
New Wholly-Owned Subsidiary: The Board approved the formation of Healthcare Capital Holdings LLC in Nevada State, USA, as a wholly-owned subsidiary.
Key Appointments and Re-appointments:
- Mr. Sunil Rajadhyaksha was re-appointed as Whole-time Director for a further term of five years, commencing April 1, 2026, until March 31, 2031, subject to necessary approvals. Mr. Rajadhyaksha is a promoter and has over four decades of executive leadership experience.
- Mrs. Ruchi Bhave, a Practicing Company Secretary, was appointed as the Secretarial Auditor for a term of five years from FY 2025-26 till FY 2029-30, subject to shareholder approval.
- Mr. Bhargav Shrikant Thakkar (MBBS, CPC, CPC-H) was appointed as Executive Vice President, RCM Operations, effective May 30, 2025. He has over 18 years of healthcare experience.
- The Nomination & Remuneration Committee also granted 60,000 ESOPs to Mr. Bhargav Shrikant Thakkar under the HOVS Stock Option Plan 2007.
Annual General Meeting (AGM): The 37th AGM will be convened on September 12, 2025, through Video Conferencing/Other Audio Visual Means. The Register of Members and Share Transfer Books will remain closed from September 10, 2025 to September 12, 2025 (both days inclusive) for the purpose of the AGM.
Related Party Transactions: The Board approved related party transactions in the ordinary course of business, subject to shareholders’ approvals.