Change in Management
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The board of Nexome Capital Markets Ltd (formerly SMIFS Capital Markets) held a meeting on May 23, 2025, and approved multiple changes. Mr. Ajay Kumar Kayan resigned from his directorship due to personal reasons with immediate effect. In his place, Mr. Saharsh Parekh (DIN: 03315239) was appointed as an Additional Non-Executive, Non-Independent Promoter Director. The board also approved the Q4/FY25 audited financial results and appointed Sudhansu Sekhar Panigrahi as the Secretarial Auditor for a five-year term (FY26–FY30), subject to shareholder approval.
The change brings a promoter family member — Mr. Saharsh Parekh, son of Chairman Utsav Parekh and brother of Joint Managing Director Samarth Parekh — onto the board, strengthening promoter control. The simultaneous resignation and appointment suggest a planned succession or board restructuring rather than any governance concern.