DISCLOSURE
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Mr. Sugan Chaudhary (DIN: 07239488) resigned as Managing Director of NMS Global Limited on 7 November 2025, citing personal reasons; he will continue on the Board as a Director. In the same Board meeting held that day (10:00 AM to 3:10 PM), the directors accepted his resignation and appointed Mr. Dhananjai Gupta (DIN: 09313878) as the new Managing Director for a 5-year term, subject to shareholder approval. The new MD, aged around 29, holds experience in corporate finance, accounting, taxation, and auditing. Notably, Mr. Dhananjai Gupta is the son of existing Director Mr. Pankaj Chander (DIN: 00053351), which the disclosure lists as 'Nil' relationship in the standard format.
Sudden top-level leadership change with personal-reason exit may cause short-term uncertainty, but the seat was filled the same day to avoid a vacancy. The appointment of the existing Director's son as MD is likely to draw corporate governance attention from minority shareholders and could weigh on sentiment until shareholder approval is secured.