due to inadvertent clerical error in earlier filing dated 07.11.2025, we are resubmitted the same
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Awaiting price reaction for this filing.
NMS Global Ltd informed the stock exchanges that Mr. Sugan Chaudhary has resigned from the post of Managing Director with immediate effect from 7 November 2025, citing personal reasons. He will continue to serve on the board as a Director. The Board has appointed Mr. Dhananjai Gupta as the new Managing Director for a five-year term, subject to shareholder approval at the next general meeting. Notably, Mr. Gupta is the son of Mr. Pankaj Chander, who is a Promoter Director on the board. This filing is a resubmission of the same announcement made on 7 November 2025, correcting an inadvertent clerical error in the earlier version.
The change replaces the existing Managing Director with a member of the promoter family, which may raise governance concerns among minority shareholders about concentration of power within the promoter group. In the short term, the transition is unlikely to affect operations but could influence investor sentiment depending on how the new MD's strategy unfolds.