Scrutinizer''s Report for Postal Ballot pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMIFS Capital Markets Ltd (now to be known as Nexome Capital Markets Ltd) conducted a postal ballot through e-voting from March 11 to April 9, 2025, on a single Special Resolution to change the company's name and amend the Memorandum and Articles of Association accordingly. The resolution was approved with the requisite majority. Promoter group, holding 30.64 lakh shares, voted 100% in favour. Public institutional shareholders polled 3.45 lakh shares (42.26% turnout), all voting 100% in favour. Among public non-institutional shareholders, only 89,451 shares were polled (4.48% turnout), of which 31.13% voted in favour and 68.87% voted against. The report was submitted by Practicing Company Secretary Sudhansu Sekhar Panigrahi and counter-signed by Chairman Utsav Parekh on April 10, 2025.
The name change to Nexome Capital Markets Ltd is now formally approved by shareholders and will reflect the company's new corporate identity going forward. Strong promoter and institutional backing signals confidence in the rebranding, though notable retail dissent is worth tracking as the new name takes effect.