Preferential Issue of 1,17,03,500 (One Crore Seventeen Lakh Three Thousand Five Hundred) Convertible Equity Warrants as per Chapter V
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Awaiting price reaction for this filing.
NMS Global Ltd's board has approved a preferential issue of 1,17,03,500 convertible equity warrants at Rs. 72 per warrant, raising up to Rs. 84.27 crore. The warrants are being offered to 38 public (non-promoter) investors, with 25% payable upfront at allotment and the remaining 75% due on conversion within 18 months. Each warrant can be converted into one equity share. Together, these investors would hold about 79.57% of the company on a post-diluted basis. An Extra Ordinary General Meeting is scheduled for February 28, 2026, to seek shareholder approval, with e-voting open from February 25-27. The board also appointed Mrs. Meenakshi Gupta as a Non-Executive, Non-Independent Director.
This is a major dilution event — existing shareholders will see their stake shrink significantly as nearly 80% of the expanded equity goes to the new warrant holders. Once warrants are converted (within 18 months), share supply will jump, which could pressure the stock price. Investors should watch the EGM vote and the eventual conversion activity closely.