SCRUTINZER''S REPORT for Postal Ballot
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Nexome Capital Markets Ltd conducted a postal ballot and e-voting between April 10 and May 9, 2025, to seek shareholder approval on three resolutions. All three resolutions were passed with the requisite majority. Resolution 1 (Ordinary) approved the appointment of Mr. Samarth Parekh (DIN: 00199598) as Director; Resolution 2 (Special) approved his appointment as Joint Managing Director; and Resolution 3 (Special) approved the appointment of Mr. Anil Kumar Murarka (DIN: 00571568) as Independent Director. Promoter group shareholders holding 25.07 lakh shares were excluded from voting on Resolutions 1 and 2 as they were 'interested', indicating related-party considerations. Notably, public retail shareholders voted 90.61% against Resolution 1 (Director appointment) though the resolution still passed on the strength of promoter and institutional votes. Public institutional and non-institutional votes were near-unanimous in favour of Resolutions 2 and 3.
The appointments formalise a governance reshuffle, with a promoter-family member (Samarth Parekh, son/junior of Chairman Utsav Parekh) elevated to Joint Managing Director and a new Independent Director onboarded. Shareholders should note the strong retail dissent on the Director appointment even as overall approval was secured; this could signal governance concerns among small investors that may warrant attention going forward.