1. Increase in Authorized Share Capital of the Company from Rs. 5,50,00,000/- (Rupees Five Crores Fifty Lakhs Only) to Rs. 14,50,00,000/- (Rupees Fourteen Crores Fifty Lakhs Only) by creation ....
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Awaiting price reaction for this filing.
The Board of NMS Global Limited, meeting on August 25, 2025, approved raising the company's Authorised Share Capital from Rs. 5.50 crore to Rs. 14.50 crore to accommodate new equity shares. The Board also approved a preferential issue of 1,13,12,000 (about 1.13 crore) Convertible Equity Warrants to 97 public-category allottees at Rs. 65 per warrant, potentially raising up to Rs. 73.53 crore. Each warrant is convertible into 1 equity share (face value Rs. 10) within 18 months, with 25% payable upfront and the rest on conversion. The 39th Annual General Meeting is fixed for September 29, 2025 via video conferencing, with book closure from September 23–29, 2025.
Existing shareholders face significant dilution risk if all warrants are converted, as the preferential issue could increase the equity base by over 100%. The stock may see short-term pressure due to the large issuance to 97 new allottees, though the Rs. 73+ crore potential raise could strengthen the company's capital base if the funds are deployed for growth.