NMS Resources Global Limited has announced the withdrawal of its application for in-principle approval for a preferential issue of convertible equity warrants worth Rs. 73.52 crore, marking a significant reversal in the company's capital raising plans.

Board Approves Withdrawal of Warrant Issue

The Board of Directors of NMS Resources Global, in its meeting held on December 22, 2025, approved the withdrawal of the application filed with BSE Limited for in-principle approval for the issue and allotment of 1,13,12,000 convertible equity warrants on a preferential basis.

Timeline of Events and Withdrawal Reasons

The preferential issue was initially approved by the Board of Directors on August 25, 2025, and subsequently received shareholder approval at the 39th Annual General Meeting held on September 29, 2025. The company had filed the application with BSE Limited on September 11, 2025, seeking in-principle approval under Regulation 28(1) of the SEBI (LODR) Regulations, 2015.

However, due to the prolonged pendency of in-principle approval, certain proposed investors expressed their inability to wait further and withdrew their commitment to invest. As a result, the company found itself unable to proceed with the preferential issue in its existing form.

Impact on Capital Structure Plans

The withdrawal represents a setback to NMS Resources Global's capital expansion plans. The company had previously announced an increase in authorized share capital from Rs. 5.50 crore to Rs. 14.50 crore to accommodate the warrant issue. The convertible equity warrants were designed with an 18-month tenure from allotment date and required 25% upfront payment with the remaining 75% payable upon exercise.

Regulatory Compliance

The company has submitted a formal withdrawal letter to BSE Limited and made this disclosure in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The withdrawal was communicated to both BSE Limited and Metropolitan Stock Exchange of India Limited on December 22, 2025.

The withdrawal of this significant fundraising initiative may require NMS Resources Global to explore alternative capital raising strategies to meet its growth and expansion objectives.

NMS Resources Global , a diversified company with interests across various sectors, has announced its financial results for the first quarter, showcasing strong performance and profitability.

Financial Highlights

The company's Board of Directors approved the standalone and consolidated unaudited financial results for the quarter ended June 30, during a meeting held on August 13.

Standalone Performance

On a standalone basis, NMS Resources Global reported:

• Revenue from operations: ₹240.00 lakhs
• Total income: ₹264.00 lakhs
• Profit for the period: ₹87.00 lakhs
• Basic earnings per share: ₹0.30

Consolidated Performance

The consolidated results, which include eight subsidiary companies, showed even stronger figures:

• Revenue from operations: ₹284.00 lakhs
• Total income: ₹304.30 lakhs
• Consolidated profit: ₹109.00 lakhs
• Basic earnings per share: ₹0.36

Key Financial Metrics

To provide a clearer picture of the company's performance, here's a tabular representation of the key financial metrics:

Corporate Structure and Subsidiaries

NMS Resources Global's consolidated results encompass eight subsidiary companies, including:

1. GEO IT Skills Private Limited
2. MS Corridor Management Private Limited
3. Ebony & Ivory Advertising Private Limited
4. IDM Enterprises Private Limited
5. Credible Management Solutions Private Limited
6. MSC-BVI Consulting Private Limited
7. Kuberakshi Advisory Services Private Limited
8. NMS Enterprises Limited

This diverse portfolio of subsidiaries contributes to the company's overall strong performance.

Capital Structure

The company maintains a paid-up equity share capital of ₹300.56 lakhs, with shares having a face value of ₹10 each.

Audit and Compliance

Mukul Garg and Associates, Chartered Accountants, conducted a limited review of both the standalone and consolidated financial statements. The auditors expressed a favorable opinion, stating that the financial results present a true and fair view in conformity with applicable accounting standards and principles.

Conclusion

NMS Resources Global's quarterly results demonstrate the company's ability to generate substantial revenue and maintain profitability. The strong performance across both standalone and consolidated figures indicates effective management of its core operations and subsidiary companies. Investors and stakeholders may find encouragement in the company's positive performance, with notable growth in both top-line and bottom-line figures.