Proceedings relating to declaration of results of Postal Ballot and Scrutinizer''s Report
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Nexome Capital Markets Ltd (formerly SMIFS Capital Markets Limited) has announced the results of its postal ballot conducted between October 9 and November 7, 2025 via remote e-voting. The single resolution, an ordinary resolution seeking reclassification of certain persons from the 'Promoter and Promoter Group' category to the 'Public Category', was passed by the requisite majority. Out of 3,024 shareholders on record, the promoter group voted 100% in favour (25,06,851 out of 30,64,051 shares held, an 81.81% turnout), public institutions voted 100% in favour (2,85,419 shares), while public non-institutional shareholders were more divided at 52.89% in favour versus 47.11% against. There were no invalid votes and no physical ballots were received.
This reclassification reduces the size of the company's promoter/promoter group shareholding category and shifts those shareholders into the public bucket, which can affect promoter holding disclosures and minimum public shareholding norms. While the resolution is administrative in nature, it signals a structural change in the company's shareholding classification that investors should note.