Notice is hereby given that Extra-Ordinary General Meeting ("EGM") of the members of NMS Global Limited (Formaly NMS Resources Global Limited) will be held on Saturday, February 28, 2026 ....
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NMS Global Limited has called an EGM on February 28, 2026, via video conferencing. The main agenda is to seek shareholder approval for issuing 1,17,03,500 convertible equity warrants on a preferential basis to around 38 non-promoter allottees at Rs.72 per warrant (including Rs.62 premium over Rs.10 face value), aggregating up to Rs.84.27 crore. Allottees include individuals, partnership firms, LLPs, HUFs, and body corporates, with the largest allocations going to Ami Niraj Shah (Rs.93.24 lakh worth), Bharat Babulal Jain (Rs.57.60 lakh), and Harsh Bharat Jain (Rs.58.32 lakh). Warrant holders must pay 25% upfront and 75% upon exercise within 18 months of allotment. The EGM also seeks approval to appoint Ms. Meenakshi Gupta (DIN: 01261976) as Non-Independent Non-Executive Director for a 5-year term.
If approved, the company can raise up to Rs.84.27 crore (only Rs.21.07 crore upfront initially) to fund its operations, but existing shareholders face potential equity dilution if all warrants are converted into shares within 18 months. The price of Rs.72 has been determined per ICDR regulations with a valuation report, indicating it meets minimum pricing norms. The warrant issue price reflects a premium over face value, and the diverse non-promoter base suggests broad-based fundraising rather than a control-change event.