Outcome of the Board Meeting held on June 04, 2025.
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Awaiting price reaction for this filing.
The Board of Nexome Capital Markets approved the reclassification of certain persons from the Promoter/Promoter Group category to the Public category. The Board also took note of a fine of ₹2,00,600 (including GST, basic fine ₹1,70,000) imposed by BSE for non-compliance with Regulation 19(1)/19(2) of SEBI LODR Regulations, 2015, related to the composition of the Nomination and Remuneration Committee for the quarter ended March 2025. The company claims it had already complied with the requirement and that the issue was a typographical error in the Integrated Governance Report. A revised report has been submitted and a waiver application was filed on June 02, 2025 along with the applicable ₹11,800 processing fee.
The fine amount is small and immaterial for the company. Since a waiver application has been filed and the company states it was already compliant (only a typographical error), this is unlikely to have a material impact on shareholders. The promoter reclassification may slightly increase public float and trading liquidity. No risk of trading suspension or Z-group transfer based on the current fine, as only one regulation was flagged and no fines were levied for consecutive quarter non-compliance.