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Awaiting price reaction for this filing.
NMS Global Limited has submitted its Annual Report for FY 2024-25 along with the Notice of its 39th Annual General Meeting, scheduled for Monday, 29th September 2025 at 10:00 AM via Video Conferencing. Ordinary business includes adoption of audited financial statements and re-appointment of Mr. Dhananjai Gupta (DIN: 09313878), who retires by rotation. Key special business includes a proposal to issue up to 1,13,12,000 Convertible Equity Warrants on a preferential basis to non-promoters (97 allottees, mostly public individuals, LLPs and body corporates) at Rs. 65 per warrant (including Rs. 55 premium), aggregating up to Rs. 73.53 crores. The company also proposes appointing M/s. Prachi Bansal & Associates as Secretarial Auditor for five years (April 1, 2025 to March 31, 2030).
If approved, the preferential warrant issue will bring in up to Rs. 73.53 crores (25% upfront, balance on conversion within 18 months), planned for working capital (50%), acquisitions (25%), and general corporate purposes (25%). This is a significant equity dilution for existing shareholders, though no change in control is expected since promoters are not participating.