1. Considered and accepted the resignation tendered by Mr. SUGAN CHAUDHARY ( DIN : 07239488) from the post of Managing Director of the Company with immediate effect . 2. Considered and ....
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NMS Global Limited announced that Mr. Sugan Chaudhary (DIN: 07239488) has resigned from the post of Managing Director effective 7 November 2025, citing personal reasons. He will, however, continue as a Director on the board. At the same meeting, the board appointed Mr. Dhananjai Gupta (DIN: 09313878) as the new Managing Director for a five-year term, effective immediately, subject to shareholder approval. Notably, Mr. Gupta's father, Mr. Pankaj Chander (DIN: 00053351), is already a Director on the board, though the filing lists the new MD's relationship with other directors as 'Nil'. The new MD is young (born October 1996) and has experience in corporate finance, accounting, and taxation.
For shareholders, the change at the top is a routine succession but raises a governance flag since the new MD is the son of an existing Director, and the disclosure on director relationships appears inconsistent. This may draw scrutiny and could weigh on sentiment, especially given the company's small-cap profile and limited public information.