Statement of deviation for the quarter ended 30.06.2025
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Nexome Capital Markets (formerly SMIFS Capital Markets) has confirmed there is no deviation or variation in the use of funds raised through its October 2024 preferential issue. The company raised Rs. 4.94 Crores out of a total planned preferential issue of Rs. 14.157 Crores (2,92,000 equity shares and 19,20,000 convertible warrants at Rs. 64 each), with only the 25% upfront consideration received at the time of allotment. Of the Rs. 4.94 Crores raised, Rs. 4.672 Crores was earmarked for investment in shares and securities, and Rs. 0.269 Crores for working capital. As of June 30, 2025, the entire amount remains unutilized and is being kept earmarked for the stated purposes. The Audit Committee reviewed the statement on July 31, 2025 and noted everything is in order.
This is a routine compliance filing confirming that the company has stuck to its stated fund-use plan. No material impact on shareholders, though it signals that the company has not yet deployed the Rs. 4.94 Crores raised six months ago, which investors may want to track.