Announcement under Regulation 30 of SEBI (LODR), 2015- Proceedings of Postal Ballot
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SMIFS Capital Markets Limited completed its postal ballot via remote e-voting from March 11, 2025 to April 9, 2025, with a single special resolution to change the company's name and amend its Memorandum and Articles of Association. The resolution was passed with the requisite majority: promoter group (30,64,051 shares) and public institutional shareholders (3,45,219 shares) voted 100% in favour. Public non-institutional shareholders, who cast 89,451 votes (4.48% of their holdings), voted 68.87% in favour and 31.13% against. There were 3,641 shareholders on record date, and no invalid votes were recorded. The scrutinizer's report was submitted by Practicing Company Secretary Sudhansu Shekhar Panigrahi, confirming the result.
The company is set to undergo a rebranding, which may indicate a strategic pivot or repositioning in the capital markets business. While the resolution passed comfortably, a meaningful minority of retail public shareholders (~31%) voted against the name change. Shareholders will see the new name (likely 'Nexome Capital Markets Ltd' based on the BSE filing source) once the change is formally registered with the MCA and stock exchanges.