Announced Fri, 23 May · 16:16 IST

Change in Directorate

Promoter Family Board EntryManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

At a board meeting on May 23, 2025, Nexome Capital Markets approved the audited financial results for Q4 ended March 31, 2025. Director Mr. Ajay Kumar Kayan resigned from the board citing personal reasons, effective the same day. In his place, Mr. Saharsh Parekh (DIN: 03315239) was appointed as an Additional Director (Non-Executive, Non-Independent, Promoter), pending shareholder approval. Mr. Saharsh Parekh holds a degree in Economics from the University of Illinois and has over 10 years of investment banking experience. He is the son of Chairman Mr. Utsav Parekh and brother of Joint Managing Director Mr. Samarth Parekh. The board also appointed Sudhansu Sekhar Panigrahi as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval.

Likely market impact

The induction of a promoter-family member (son of the Chairman and brother of the Joint MD) further consolidates promoter control on the board. The outgoing director's resignation was attributed to personal reasons, with no governance concerns flagged.