NMS Global Ltd has received 'in-principle' approval from the Bombay Stock Exchange (BSE) for the proposed preferential issue of warrants convertible into equity shares. The approval, granted on September 24, 2026, paves the way for the allotment of 1,17,03,500 warrants to non-promoter entities.

The company informed the exchange on September 25, 2026, that the approval was issued under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction involves the issue and allotment of 1,17,03,500 warrants, which are convertible into an equal number of equity shares with a face value of ₹10 each.

Terms of the Preferential Issue

The warrants will be issued at a price not less than ₹72 per share. The allotment is restricted to non-promoters, indicating a strategic capital raise outside the promoter group. The company stated it would ensure strict compliance with all conditions outlined by the Exchange in the approval letter.

Regulatory Compliance

The company confirmed its adherence to the applicable provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (LODR) Regulations, 2015. The intimation was filed pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring transparency regarding material corporate actions.

NMS Global Limited saw a reduction in promoter group shareholding as Saroj Kumari Yadav, a member of the Promoter Group, disclosed a net sale of 63,384 shares, representing 2.11% of the company's total share capital.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction occurred via open market sales over a period spanning from June 25, 2026, to September 22, 2026.

Shareholding Details

The filing indicates that the combined holding of the acquirer and Persons Acting in Concert (PAC) decreased from 38.48% to 36.38%. The total equity share capital of the company remained unchanged at 30,05,600 equity shares of ₹10 each.

What the Numbers Show

The data reveals a steady reduction in promoter group influence rather than a sudden exit. The holding dropped from 38.48% to 36.38%, maintaining a significant majority control well above the 25% threshold often associated with substantial acquisition regulations. Notably, there were no encumbrances (pledge, lien, or non-disposal undertakings) on the shares either before or after the transaction, indicating that the sold shares were free from any existing financial liabilities or restrictions.

Regulatory Context

This disclosure pertains to changes in shareholding along with PACs from the last disclosure made under sub-regulation (2) of SEBI SAST 2011. The shares involved carry voting rights, and no warrants, convertible securities, or other instruments entitling the holder to receive shares were part of this transaction. The mode of acquisition/sale was strictly through the open market.