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Awaiting price reaction for this filing.
The company has changed its name from 'SMIFS Capital Markets Limited' to 'Nexome Capital Markets Limited' following approval of a special resolution through postal ballot (remote e-voting). Voting was held from March 11, 2025 to April 9, 2025, with the resolution passing by requisite majority. Promoters voted 100% in favor (30,64,051 shares), public institutions voted 100% in favor (3,45,219 shares), while public non-institutions showed a split — 31.13% voted in favor (27,845) versus 68.87% against (61,606). The name change is subject to fresh Certificate of Incorporation from the Registrar of Companies and other regulatory approvals.
This is purely a rebranding exercise with no change in business operations, financial structure, or shareholder value. Stock prices may see short-term noise around the name change but long-term impact is expected to be neutral. Shareholders and investors should update records to reflect the new name 'Nexome Capital Markets Limited'.