Statement of Deviation for the quarter ended 30.09.2025
Price
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Awaiting price reaction for this filing.
Nexome Capital Markets (formerly SMIFS Capital Markets) has confirmed there is no deviation or variation in the use of funds raised through its preferential issue. The company raised Rs. 4.94 Crores (25% of the total preferential consideration of Rs. 14.157 Crores) on October 25, 2024, by issuing 2,92,000 equity shares and 19,20,000 convertible warrants at Rs. 64/- each. The funds were earmarked for investment in shares and securities (Rs. 4.672 Crores), repayment of borrowings (Rs. 0), and working capital needs (Rs. 0.2688 Crores). As of September 30, 2025, the entire Rs. 4.94 Crores remains unutilized but has been kept earmarked for its stated purpose. The Audit Committee reviewed the statement on November 4, 2025, and noted 'Everything is in order.'
Positive from a compliance standpoint as the company confirms proper use of funds without any diversion. However, shareholders may note that funds raised over a year ago have not been deployed yet, which could raise questions about capital deployment efficiency and the pace of planned investments.