Intimation of Receipt of In-Principle Approval for the proposed Rights Issue
Price
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Awaiting price reaction for this filing.
Nexome Capital Markets Ltd (formerly SMIFS Capital Markets Ltd) has received in-principle approval from BSE Limited (vide letter dated February 17, 2026) for its proposed Rights Issue of fully paid-up equity shares. The intimation to the exchange was made on February 19, 2026 under Regulation 30 of SEBI LODR. The approval permits the company to use BSE's name in its Letter of Offer, subject to standard disclaimers and compliance with listing formalities. Key next steps include fixing a record date with at least 3 working days' advance notice and disclosing the rights issue price at least 3 working days before the record date. No details on issue size, price, or ratio have been disclosed in this filing.
This is a procedural milestone that clears the way for Nexome to launch its Rights Issue, giving existing shareholders the opportunity to subscribe to additional shares in proportion to their holdings. The stock may see some movement once the issue price, record date, and ratio are announced, but investors should wait for the Letter of Offer for actual terms.