Intimation of receipt of No-Objection from CSE for Reclassification
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Nexome Capital Markets Ltd (formerly SMIFS Capital Markets Ltd) has received a No-Objection Certificate from The Calcutta Stock Exchange (CSE) for reclassifying 8 promoter group members to the 'Public' category under SEBI's Regulation 31A. The individuals and entities being moved out include Ajay Kumar Kayan, Lalita Kayan, Rahul Kayan, Payal Saraf, Suman Bhartia, two HUFs (Ajay Kumar Kayan HUF and Gauri Shankar Ajay Kumar HUF), and Mackertich Consultancy Services Private Limited. This reclassification is part of the process originally initiated on June 4-5, 2025. The company will now need to seek shareholder approval at a general meeting to complete the reclassification.
Once approved by shareholders, this will significantly reduce the company's promoter group holding and shift these stakes to the public category, potentially increasing the public float and reducing promoter control. This is a structural change in shareholding that may affect governance and stock liquidity.