NMS Global Limited has accepted the resignation of Mr. Sugan Chaudhary as Non-Executive Director, effective from the close of business hours on July 2, 2026. The resignation, which includes his membership in various committees, was submitted due to personal reasons and received by the company on the effective date.

The company confirmed that there are no material reasons for the resignation other than those stated in his letter dated June 26, 2026. The resignation letter will be placed before the Board of Directors in its upcoming meeting for formal acceptance and consideration.

Details of Resignation

The following table outlines the particulars of the change in directorship as per SEBI regulations:

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The confirmation regarding the absence of material reasons was provided by Mr. Chaudhary and is enclosed with the regulatory filing.

NMS Global Limited has committed to placing a revised peer-reviewed certificate before its shareholders following a warning letter from BSE Limited regarding non-compliance with SEBI regulations. The company acknowledged that the document, required under Regulation 45(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was not presented for ratification at the Extraordinary General Meeting held on Feb 28, 2026. This oversight prompted the exchange to issue a warning letter bearing Ref. No. DCS/NC/TS/WL/033/2025-26, dated December 10, 2025.

The Board of Directors reviewed the warning letter during its meeting on May 30, 2026, and advised management to ensure strict compliance with all regulatory requirements going forward. While the revised certificate issued by a Peer Reviewed Chartered Accountant was obtained and submitted to the exchange, it failed to reach the general meeting agenda due to an inadvertent oversight. The company stated that the non-compliance was neither deliberate nor intended to circumvent any regulatory requirement.

Compliance and Future Actions

NMS Global Limited has initiated necessary steps to strengthen its internal compliance monitoring mechanisms. The management aims to ensure timely adherence to all applicable provisions of the SEBI Regulations and Listing Agreement requirements. The company expressed regret over the lapse and assured the exchange that adequate care would be exercised to prevent recurrence.

Key Disclosures