1. The Board has considered and approved the proposal for investment/acquisitions of Equity Shares by way of purchase, conversion or otherwise Equity Shares, One Public Company to the extent make them 'Wholly Owned Subsidiary' of NMS Resources Global Limited (Formerly 'IFM Impex Global Limited') i.e. NMS Enterprises Limited w.e.f. 1st April, 2020,that NMS Resources Global Limited will issue shares in lieu of consideration as per the valuation report provided the Merchant Banker to be appointed, to expand the business of the Company by pooling the available resources and obtaining the advantage by Economic of Scale, Availability of Better Resources, Expanded Client Base, Wider business Opportunities, Creating the 'Synergy Effect'. Such investment by the Company is within the scope and limit as prescribed under section 186 of the Companies Act, 2013, subject to approval of concern authorities or parties.