NMS GLOBAL LIMITED

Operates as a small services group classified under Trading & Distributors, with standalone FY26 revenue of Rs 11.21 crore, up 68% from Rs 6.67 crore the prior year. Materials form the largest cost line at 34.8% of revenue per the cost structure, while employee cost (0.8%), other operating expenses (0.9%) and depreciation (1.0%) are minor, leaving the bulk of the standalone P&L as gross margin. On a consolidated basis the business includes subsidiaries such as GeoIT Skills, MS Corridor Management and Ebony & Ivory Advertising, indicating activities across IT/skills training, corridor management and advertising. Standalone profit after tax was Rs 17.26 lakh in FY26, a modest 6.6% increase over Rs 16.19 lakh the year before, while consolidated nine-month PAT for FY26 nearly doubled year-on-year. The company is undergoing a major capital restructuring: shareholders have approved a preferential issue of 1,17,03,500 convertible equity warrants at Rs 72 each to 38 non-promoter allottees, aggregating up to Rs 84.27 crore, alongside an increase in authorised share capital. A BSE warning letter was received in December 2025 regarding compliance matters, for which corrective measures have been initiated.