Outcome of Board Meeting

September 17, 2026 To To National Stock Exchange of India Limited Bombay Stock Exchange Limited Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Tower, Dalal Street Bandra (East), Mumbai-400 051 Mumbai -400 001 NSE symbol: HGM BSE Scrip Code: 532761 Subject: Outcome of Board Meeting held on September 17, 2026 Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, We (the “Company” or the “HGM”), wish to inform that based on the recommendation of Audit Committee, the Board of the Company at their meeting held on today September 17, 2026 had considered and approved the subscription to 204,946 shares of common stock of XBP Global Holdings, Inc. (“XBP Global”), NASDAQ listed (XBP), pursuant to the private placement announced by XBP Global, at US$ 2.83 per share. The Company, through HCI LLC, will hold 1.45% of XBP Global shares outstanding following the completion of the share issuance. The said investment transaction is non-material related party transaction under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been approved by the Audit Committee of the Company prior to the approval by the Board of Directors. The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD-PoD2/CIR/P/0155 dated November 11, 2024, is enclosed in Annexure I. The Board meeting commenced at 7:15 AM IST and concluded at 7:30 AM IST. Kindly take the above on record. Thanking you, For HandsOn Global Management (HGM) Limited Bhuvanesh Sharma VP-Corporate Affairs, Company Secretary & Compliance Officer HandsOn Global Management (HGM) Limited (Formerly known as HOV Services Limited) CIN: L72200PN1989PLC014448 Regd. Office: 4th Floor, Sharda Arcade, Pune Satara Road, Bibwewadi Pune - 411 037, Maharashtra, India Tel: +91-20 24221460 | Website: www.hgmlimited.com | Email: ir@hgmlimited.com Annexure I Sr. No. Items for disclosure required Descriptions 1 Name of the target entity, details in brief such as XBP Global Holdings Inc. (“XBP Global”), NASDAQ listed size, turnover, etc. (XBP), headquartered at 6641 N. Belt Line Road, Suite 100, Irving, Texas, USA. XBP Global is a workflow automation leader that leverages decades of industry experience, global footprint and Agentic AI to rethink business process automation and enable digital transformation for its clients. It has approximately 9,000 employees across 20 countries, and supports over 2,000 clients worldwide. Country of incorporation: Delaware State, USA 2 Whether the acquisition would fall within related The current acquisition by way of subscription of party transaction(s) and whether the promoter/ common stock would fall within the purview of related promoter group/ group companies have any party transactions. The Promoter of the Company owns interest in the entity being acquired? an equity interest in XBP Global and is a member of its board of directors. If yes, nature of interest and details thereof and whether the same is done at "arm’s length". The transaction undertaken is on arm’s length basis. The shares were acquired alongside other investors, and the share price was based on the market value of XBP Global’s common stock. 3 Industry to which the entity being acquired Business Process Automation. belongs. 4 Objects and impact of acquisition (including but The object of investment in Common Stock reflects the not limited to, disclosure of reasons for acquisition Management strategy to integrate AI-led automation of target entity, if its business is outside the main into critical workflows, meeting the growing demand for line of business of the listed entity). efficiency and exploring new business avenues in the AI ecosystem. No impact on the operations. 5 Brief details of any governmental or regulatory No prior regulatory approvals are required for the approvals required for the acquisition. subscription of Common Stock. 6 Indicative time period for completion of the September 17, 2026 acquisition. 7 Consideration - whether cash consideration or Total cash consideration. share swap or any other form and details of the same. 8 Cost of acquisition or the price at which the shares Total cash consideration of US$ 579,997.18 (Rs 5.57 are acquired. Crore). 9 Percentage of shareholding/control acquired and Post completion will hold 204,946 Common Stock of XBP / or number of shares acquired . Global at a purchase price of US$ 2.83 per share of common stock. No controlling stake. Holding 1.45% of shares outstanding following the completion of the share issuance. 10 Brief background about the entity acquired in Product/Line of business: XBP Global is a workflow terms of products/line of business acquired, date automation leader that leverages decades of industry of incorporation, history of last 3 years’ turnover, experience, global footprint and Agentic AI to rethink country in which the acquired entity has business process automation and enable digital transformation for its clients. It has approximately 9,000 HandsOn Global Management (HGM) Limited (Formerly known as HOV Services Limited) CIN: L72200PN1989PLC014448 Regd. Office: 4th Floor, Sharda Arcade, Pune Satara Road, Bibwewadi Pune - 411 037, Maharashtra, India Tel: +91-20 24221460 | Website: www.hgmlimited.com | Email: ir@hgmlimited.com presence and any other significant information (in employees across 20 countries, and supports over 2,000 brief). clients worldwide. Date of Incorporation: XBP Global was originally incorporated in the State of Delaware in the USA as CF Acquisition Corp. VIII on July 8, 2020. Country: XBP Global operates worldwide. For 3 months ended June 30, 2026, 87% of its revenues came from the USA, 11% from EMEA and 2% from elsewhere. (Figures in US$ Million) Last three years Revenue/Turnover: Particulars FY23 FY24 FY25 Turnover 166.3 867.1 788.0 XBP Global acquired Exela Technologies BPA, LLC on July 29, 2025. Revenue for FY24 and FY25 reflect the combined historical operations, as reported in XBP Global’s 2025 Annual Report. However, FY23 does not reflect the impact of the acquisition. HandsOn Global Management (HGM) Limited (Formerly known as HOV Services Limited) CIN: L72200PN1989PLC014448 Regd. Office: 4th Floor, Sharda Arcade, Pune Satara Road, Bibwewadi Pune - 411 037, Maharashtra, India Tel: +91-20 24221460 | Website: www.hgmlimited.com | Email: ir@hgmlimited.com