OUTCOME OF BOARD MEETING
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The board of Nexome Capital Markets Ltd met on May 23, 2025 and approved audited financial results for Q4 and FY ended March 31, 2025. FY25 standalone total income was Rs. 4,421.82 lakhs with net profit of Rs. 117.96 lakhs (down from Rs. 241.09 lakhs in FY24); Q4 FY25 net profit stood at Rs. 29.44 lakhs. The board appointed Mr. Saharsh Parekh as an Additional Non-Executive, Non-Independent, Promoter Director. He is the son of Chairman Mr. Utsav Parekh and brother of Joint Managing Director Mr. Samarth Parekh, marking a clear promoter family addition to the board. Director Mr. Ajay Kumar Kayan resigned citing personal reasons. The board also appointed Mr. Sudhansu Sekhar Panigrahi as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30).
A sharp decline in yearly revenue (compared to FY24) signals weaker business activity, which may pressure the stock in the short term. The entry of a promoter-family member on the board reinforces family control but does not add an independent voice.