Intimation of rejection of Reclassification Application
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Nexome Capital Markets Ltd informed BSE that its application to reclassify certain persons belonging to the Promoter and Promoter Group as 'Public' shareholders has been rejected by BSE Limited. The company had originally filed this reclassification application on June 5, 2025, following board approval on June 4, 2025, under Regulation 31A(3)(a)(i) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The application status was updated on the BSE Listing Portal as rejected. Notably, the company stated that no reasons for the rejection were provided or communicated to them by the exchange.
The rejection means the concerned individuals will continue to be classified as part of the Promoter/Promoter Group rather than as public shareholders, leaving the existing promoter shareholding structure unchanged. For retail investors, the direct share price impact is likely limited, but the company may need to seek clarification or refile the application, and any uncertainty around promoter status could keep the stock under closer scrutiny.