News Corporate Actions NMS Global Limited Board Approves ₹84.27 Crore Preferential Issue and Schedules EGMNMS Global Limited Board Approves ₹84.27 Crore Preferential Issue and Schedules EGM
NMS Global Limited's board approved a preferential issue of 1,17,03,500 convertible equity warrants at ₹72 per warrant, raising ₹84,26,52,000 from 38 public investors. The company scheduled an EGM for February 28, 2026, to seek shareholder approval for the issue and appointment of Mrs. Meenakshi Gupta as Non-Executive Director. The warrants have an 18-month exercise period with 25% upfront payment required.
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NMS Global Limited's board of directors convened on January 29, 2026, and approved several key corporate actions, including a substantial preferential issue worth over ₹84 crore and an upcoming Extraordinary General Meeting (EGM).
Preferential Issue Details
The board approved the preferential allotment of convertible equity warrants to public shareholders under Chapter V of the Securities and Exchange Board of India regulations. The issue comprises 1,17,03,500 convertible equity warrants, with each warrant carrying the right to subscribe to one equity share.
| Parameter | Details |
|---|---|
| Total Warrants | 1,17,03,500 |
| Issue Price per Warrant | ₹72 |
| Total Issue Size | ₹84,26,52,000 |
| Number of Investors | 38 |
| Category | Public Shareholders |
The warrants require 25% payment at the time of subscription and allotment, with the remaining 75% payable upon exercise. Each warrant has a tenure of 18 months from the date of allotment, after which unexercised warrants will lapse and amounts paid will be forfeited.
Major Investor Allocations
The preferential issue will be distributed among 38 public investors, with significant allocations to key entities:
| Investor Name | Warrant Allocation | Post-Issue Percentage |
|---|---|---|
| AMI NIRAJ SHAH | 12,95,000 | 8.80% |
| CHETAN RASIKLAL SHAH | 8,50,000 | 5.78% |
| BHARAT BABULAL JAIN HUF | 8,20,000 | 5.57% |
| HARSH BHARAT JAIN | 8,10,000 | 5.51% |
| BHARAT BABULAL JAIN | 8,00,000 | 5.44% |
Extraordinary General Meeting
The board scheduled an EGM for Saturday, February 28, 2026, at 11:00 AM through video conferencing. The meeting will seek shareholder approval for the preferential issue and other corporate matters. Key EGM arrangements include:
- Scrutinizer: Prachi Bansal and Associates (C.P No - 23670)
- Depository Services: Central Depository Services Limited (CDSL) for e-voting
- E-voting Period: February 25-27, 2026
- Relevant Date: January 29, 2026 (30 days prior to EGM)
Board Appointment
The board recommended the appointment of Mrs. Meenakshi Gupta (DIN: 01261976) as Non-Executive, Non-Independent Director, subject to shareholder approval at the EGM. Mrs. Gupta brings business development experience and leadership skills to the board. She currently holds directorships in NMS Enterprises Limited, MSC-BVI Consulting Private Limited, IDm Enterprises Private Limited, and RMA Consultant Private Limited.
Regulatory Compliance
The preferential issue will be undertaken in accordance with the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has provided detailed disclosures as required under Regulation 30(6) and Schedule III of the SEBI Listing Regulations. All proceedings were conducted in compliance with applicable regulatory frameworks and disclosure requirements.
Historical Stock Returns for NMS Resources Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -12.24% | +2.37% | -19.96% | +33.52% | +1,877.97% |
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