OUTCOME OF THE BOARD MEETING DATED 04.06.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Nexome Capital Markets (formerly SMIFS Capital Markets) approved the reclassification of certain persons from the 'Promoter & Promoter Group' category to the 'Public' category. Separately, the Board took note of a ₹2,00,600 fine (including GST) imposed by BSE for non-compliance with Regulation 19(1)/19(2) of SEBI LODR Regulations related to the composition of the Nomination and Remuneration Committee for the quarter ended March 31, 2025. The company claims the issue was a typographical error in its Integrated Governance filing, which has since been rectified, and a revised report along with a waiver application was filed with BSE on June 02, 2025. The fine relates to a single quarter of non-compliance and the company is seeking waiver. No other regulatory non-compliances were flagged for the quarter.
The promoter reclassification will reduce the reported promoter shareholding and increase the public shareholding, which could affect shareholding pattern disclosures. The fine is relatively small (₹2.06 lakh) and the company is actively seeking a waiver, so the direct financial impact is minor.