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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NMS Global's board has approved a preferential issue of 1,17,03,500 convertible equity warrants to 38 public (non-promoter) investors at Rs. 72 per warrant, aggregating to about Rs. 84.27 crore. Investors will pay 25% upfront with the balance 75% due on conversion within 18 months. All 38 investors currently hold zero shares, meaning this is a fresh infusion that will give them a combined 79.57% of the company's post-issue diluted share capital, significantly diluting existing shareholders. An extraordinary general meeting (EGM) has been called for February 28, 2026, to seek shareholder approval, with e-voting from February 25-27. The board also approved the appointment of Mrs. Meenakshi Gupta as a Non-Executive Non-Independent Director.
This is a heavily dilutive fundraise — existing shareholders will see their collective stake shrink to roughly 20.4% of the enlarged capital. Investors should watch for the stated purpose of the Rs. 84 crore raise and track whether warrants are actually converted within 18 months, as non-conversion would mean forfeiture of the 25% upfront payment.