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NMS Global Ltd held an Extraordinary General Meeting on February 28, 2026, via video conferencing, where shareholders approved three items. First, the issue of convertible equity warrants on a preferential basis to non-promoters for cash consideration. Second, the appointment of Ms. Meenakshi Gupta (DIN 01261976) as Non-Independent Non-Executive Director. Third, an increase in the authorised share capital of the company along with a consequent alteration of the Capital Clause of the Memorandum of Association. The meeting was attended by 43 shareholders via VC, with voting conducted through e-voting and ballot papers, scrutinised by a Practicing Company Secretary.
The preferential warrant issue to non-promoters signals an upcoming equity fundraise that may lead to share dilution for existing shareholders. The appointment of a non-independent director (surname Gupta, matching Managing Director Dhananjai Gupta) suggests likely promoter-family reinforcement on the board, while the authorised capital hike is a preparatory step to accommodate the new warrants.