Nexome Capital Markets declares non-applicability of Large Corporate Framework for FY26

1 min read     Updated on 01 Apr 2026, 11:37 AM
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Nexome Capital Markets Limited has declared to BSE Limited that it does not qualify as a "Large Corporate" under SEBI's regulatory framework as of March 31, 2026. The company is therefore exempt from filing initial and annual disclosures under SEBI circulars from 2018 and 2021 for Financial Year 2025-26. The declaration was submitted on April 01, 2026, by Company Secretary Sanjana Gupta.

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Nexome Capital Markets Limited has officially declared to BSE Limited that it does not meet the criteria for classification as a "Large Corporate" under SEBI's regulatory framework. The declaration, submitted on April 01, 2026, confirms the company's exemption from specific disclosure requirements for the Financial Year 2025-26.

Regulatory Framework Declaration

The company's declaration references specific SEBI circulars that define the Large Corporate Framework. These include SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, along with subsequent amendments.

Declaration Details: Information
Assessment Date: March 31, 2026
Declaration Date: April 01, 2026
Financial Year: 2025-26
Regulatory Status: Not classified as Large Corporate

Compliance Implications

As a result of not meeting the Large Corporate criteria, Nexome Capital Markets Limited is exempt from filing both initial and annual disclosures required under the aforementioned SEBI circulars for FY26. This exemption applies specifically to the requirements outlined in Para No. 2.2 of the referenced regulatory framework.

Corporate Information

The declaration was signed by Sanjana Gupta, Company Secretary cum Compliance Officer, and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company operates under its current name, having been formerly known as SMIFS Capital Markets Limited.

Historical Stock Returns for Nexome Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
-2.21%+14.27%+0.86%+0.86%+0.86%+0.86%

What factors could lead Nexome Capital Markets to eventually qualify as a Large Corporate under SEBI's framework in future years?

How might this exemption from disclosure requirements affect investor transparency and market confidence in the company?

Will SEBI consider revising the Large Corporate classification criteria following recent market developments?

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Nexome Capital Markets: Promoter Group Increases Stake to 16.46% via Rights Issue

2 min read     Updated on 27 Mar 2026, 07:46 PM
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Nexome Capital Markets Limited disclosed that promoter group entity Lend Lease Company (India) Limited acquired 11,61,988 equity shares through a rights issue, increasing their shareholding from 2,89,000 shares (4.92%) to 14,50,988 shares (16.46%). The acquisition was completed on March 24, 2026, under SEBI exemption regulations for rights issue subscriptions, with proper regulatory disclosures filed on March 27, 2026.

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Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has disclosed a substantial equity acquisition by its promoter group entity Lend Lease Company (India) Limited through a rights issue. The transaction represents a significant increase in the promoter group's stake, bringing their total holding to 16.46% from the previous 4.92%.

Rights Issue Acquisition Details

The acquisition involved 11,61,988 equity shares through the company's rights issue on March 24, 2026. This transaction was disclosed pursuant to Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the disclosure filed on March 27, 2026. The acquisition was made under the exemption provided by Regulation 10(4)(a) and (b) of SEBI (SAST) Regulations, 2011, for rights issue applications.

Parameter: Details
Acquiring Entity: Lend Lease Company (India) Limited
Shares Acquired: 11,61,988
Transaction Date: March 24, 2026
Mode of Acquisition: Rights Issue
Percentage Acquired: 11.54%
Exchange: BSE Limited

Shareholding Position Changes

The rights issue acquisition has substantially transformed Lend Lease Company's shareholding position in Nexome Capital Markets Limited. Prior to this transaction, the promoter group entity held 2,89,000 equity shares representing 4.92% of the paid-up equity shares. After the acquisition, their total holding increased to 14,50,988 shares, representing 16.46% of the expanded equity capital.

Shareholding Position: Before Rights Issue After Rights Issue
Number of Shares: 2,89,000 14,50,988
Percentage Holding: 4.92% 16.46%
Security Type: Equity Shares Equity Shares

Regulatory Compliance and Documentation

Both companies have fulfilled their regulatory obligations under SEBI regulations, with proper documentation submitted to BSE Limited on March 27, 2026. Nexome Capital Markets Limited's Company Secretary cum Compliance Officer Sanjana Gupta and Lend Lease Company's Director Utsav Parekh (DIN: 00027642) signed the respective disclosure documents, ensuring proper corporate governance protocols were followed throughout the rights issue process.

Regulatory Details: Information
Filing Date: March 27, 2026
Regulation: SEBI (SAST) Regulations, 2011
Exemption: Regulation 10(4)(a) and (b)
Target Company: Nexome Capital Markets Limited
Listed Exchange: BSE Limited

Corporate Structure and Leadership

Lend Lease Company (India) Limited, incorporated under CIN U65910WB1987PLC041823, has its registered office at 36A, Elgin Road, Ground Floor, Kolkata - 700020. The company is led by Director Utsav Parekh, who executed the acquisition under the rights issue framework. Nexome Capital Markets Limited operates from Vaibhav (4F), 4 Lee Road, Kolkata- 700020, with Sanjana Gupta serving as Company Secretary cum Compliance Officer.

The acquisition strengthens the promoter group's position in Nexome Capital Markets Limited, demonstrating confidence in the company's growth prospects and strategic direction. The transaction was completed in full compliance with SEBI regulations, ensuring transparency and proper disclosure to all stakeholders.

Historical Stock Returns for Nexome Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
-2.21%+14.27%+0.86%+0.86%+0.86%+0.86%

Will Lend Lease Company continue increasing its stake beyond 16.46% through open market purchases or future rights issues?

How might this increased promoter holding impact Nexome Capital Markets' strategic direction and business expansion plans?

What are the potential implications for minority shareholders if the promoter group decides to pursue a delisting or takeover in the future?

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1 Year Returns:+0.86%