Revised Disclosure due to inadvertent clerical error in the earlier filling dated 07.11.2025, the disclosure being resubmitted to the exchange
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NMS Global Limited has informed the exchanges about the resignation of Mr. Sugan Chaudhary (DIN: 07239488) from the post of Managing Director, effective November 7, 2025, citing personal reasons. He will, however, continue as a Director on the board. On the same day, the Board of Directors appointed Mr. Dhananjai Gupta (DIN: 09313878) as the new Managing Director for a five-year term, subject to shareholder approval at the next general meeting. A key detail is that Mr. Dhananjai Gupta is the son of Mr. Pankaj Chander, who is a Promoter Director on the board, making this a promoter-family transition at the top leadership position. This filing is a revised version resubmitted to the exchange to correct a clerical error in the earlier disclosure dated November 7, 2025.
The change signals continued promoter control of the company, with leadership shifting to the next generation of the promoter family. While this may provide strategic continuity, investors should note the governance implications of a family-led top management change, and the stock may see short-term volatility until the new MD's strategy becomes clear.