Announced Tue, 27 May · 11:55 IST

RECLASSIFICATION FROM PROMOTERS

Ownership Changes View source PDF

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AI summary

Nexome Capital Markets Ltd (formerly SMIFS Capital Markets Ltd) has received requests from 8 promoter and promoter group members seeking reclassification to the public category under SEBI LODR Regulation 31A. Collectively, these members hold 5,57,200 shares, which is 9.48% of the company's paid-up share capital. Most of the applicants (Mr. Ajay Kumar Kayan, Mrs. Lalita Kayan, Mr. Rahul Kayan, Mrs. Payal Saraf, Mrs. Suman Bhartia, and two HUFs) hold zero shares directly; their interest is only indirect through Persons Acting in Concert (PAC). Only Mackertich Consultancy Services Private Limited holds shares directly (5,57,200 shares = 9.48%). The applicants state they have no role in company affairs, no special rights, no board representation, no nominee directors, and are not wilful defaulters or fugitive economic offenders. The requests were received by the board on May 26, 2025.

Likely market impact

If reclassification is approved, the promoter group shareholding will reduce by up to 9.48%, potentially increasing public float and reducing promoter control. However, this requires stock exchange and SEBI approval, and the reclassified shareholders must comply with certain conditions for at least three years. Shareholders should watch for the approval decision and any change in shareholding pattern disclosures.