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Awaiting price reaction for this filing.
NMS Global Ltd held its Extraordinary General Meeting on February 28, 2026, via video conferencing. Three resolutions were put to vote and all were passed with near-unanimous support. The first resolution approved the issue of Convertible Equity Warrants on a preferential basis to non-promoters for cash consideration, receiving 8,47,196 votes in favour (100%) with only 8 votes against. The second resolution approved the appointment of Ms. Meenakshi Gupta (DIN: 01261976) as a Non-Independent Non-Executive Director, also passing with 100% favourable votes. The third resolution approved an increase in the Authorised Share Capital of the company along with a corresponding change to the Capital Clause of the Memorandum of Association, again passed unanimously. The scrutinizer was Ms. Prachi Bansal of Prachi Bansal and Associates, Company Secretaries.
Shareholders should note the company is preparing to issue convertible warrants to non-promoters, which could lead to equity dilution in the future if converted. The expansion of authorised share capital signals room for future fundraising or strategic issuance. The smooth approval of a new non-executive director and capital-related changes indicates management's ability to push through corporate actions without significant shareholder opposition.