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NMS Global Limited has submitted its Annual Report for FY 2024-25 to BSE and MSEI and issued notice for its 39th AGM to be held on September 29, 2025 at 10:00 AM via video conferencing. The AGM notice includes a special resolution proposing the issuance of 1,13,12,000 Convertible Equity Warrants on a preferential basis to 97 non-promoter allottees at Rs.65 per warrant (including Rs.55 premium), aggregating to approximately Rs.73.53 crores. The issue price was determined by an independent registered valuer. Proceeds will be used for working capital (50%), investment in shares for acquisition of company/business (25%), and general corporate purposes (25%), with deployment by March 2026. Ordinary business includes adoption of audited financial statements and re-appointment of Mr. Dhananjai Gupta as director.
Shareholders are being asked to approve a Rs.73.53 crore fund raise through convertible warrants, which will dilute existing equity by up to 1.13 crore shares (about 79% of current equity on a fully diluted basis). The warrants carry a 75% balance payment risk if unexercised within 18 months, which could affect capital planning. Existing shareholders should evaluate the dilution impact and the proposed use of funds before the AGM on September 29, 2025.