Met new limit introduced by company director (9)

'met' is the definition.
(converging is a kind of meeting)

'new limit introduced by company director' is the wordplay.
'new' becomes 'n'.
'limit' becomes 'verge' (I can't explain this - if you can you should believe this answer much more).
'introduced by' says to put letters next to each other.
'company' becomes 'co' (abbreviation).
'director' becomes 'd'.
'n'+'verge'='nverge'
'nverge' after 'co' is 'converge'.
'converge'+'d'='CONVERGED'

Can you help me to learn more?