Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has successfully concluded its Rights Issue Committee meeting held on February 02, 2026, with the approval of the Draft Letter of Offer for the company's proposed rights issue. The meeting marks a significant milestone in the company's capital raising initiative valued at up to Rs. 25 crore.

Meeting Outcome and Timeline

The Rights Issue Committee convened at the company's registered office at 'Vaibhav' (4F), 4, Lee Road, Kolkata - 700020, commencing at 04:00 P.M. and concluding at 04:30 P.M. The committee successfully considered and approved the Draft Letter of Offer in relation to the rights issue, which will now be filed with BSE Limited for their in-principle approval.

Rights Issue Details

The company has disclosed key parameters of the proposed rights issue under regulatory compliance requirements. The rights issue will involve equity shares with a maximum fundraising target established for the capital raising exercise.

Regulatory Compliance Framework

The meeting outcome has been communicated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring comprehensive regulatory adherence throughout the rights issue process.

Corporate Communication

Sanjana Gupta, Company Secretary cum Compliance Officer, digitally signed the official communication on February 02, 2026, at 16:34:58. The notification was formally submitted to BSE Limited, maintaining proper regulatory protocol and ensuring all stakeholders receive timely updates on the rights issue progress. Additional details are available on the company's website at www.nexomecap.com .

Nexome Capital Markets Limited (formerly smifs capital markets Limited) reported challenging financial results for the quarter ended December 31, 2025, with consolidated operations showing a significant deterioration in performance compared to the previous year.

Financial Performance Overview

The company's consolidated financial results revealed substantial losses during the third quarter of FY26. Key performance metrics demonstrate the extent of the financial challenges faced during this period.

Revenue and Operational Analysis

The company's revenue streams showed mixed performance across different business segments. Net sales and income from operations declined to ₹111.67 crores in Q3FY26 from ₹737.70 crores in Q3FY25, representing a significant 84.9% decrease. Other income remained relatively stable at ₹61.92 crores compared to ₹87.79 crores in the previous year.

Segment-wise revenue analysis revealed that Capital Market Operations generated ₹23.68 crores compared to ₹662.37 crores in Q3FY25, while Investment Banking Operations contributed ₹87.99 crores against ₹75.33 crores in the corresponding previous quarter.

Year-to-Date Performance

For the nine-month period ended December 31, 2025, the company reported consolidated net profit of ₹126.59 crores compared to ₹85.90 crores in the corresponding previous period. Total income for the year-to-date period stood at ₹2,826.34 crores compared to ₹3,317.54 crores in the previous year.

Portfolio Review and Provisions

The company conducted a comprehensive review of its loan and investment portfolio during the period. Management recognized expected credit losses on loans extended to parties and fair valuation losses on the investment portfolio based on independent valuer reports. These provisions were made in accordance with prudent accounting practices, though the company remains committed to recovery efforts for outstanding loan amounts.

Corporate Developments

Several significant corporate developments occurred during the period:

• Subsidiary Formation: The company incorporated Nexome Wealth Management Limited as a wholly owned subsidiary on July 22, 2025, to provide corporate advisory, financial consultancy services, wealth management, investment advisory, and project syndication services.

• Stock Exchange Delisting: Nexome Capital Markets received approval for voluntary delisting from The Calcutta Stock Exchange Limited on January 9, 2026, following an application filed on November 21, 2025.

• Rights Issue Committee: The Board reconstituted the Rights Issue Committee consisting of key management personnel including the Managing Director, Joint Managing Director, Independent Directors, and Company Secretary.

Capital Structure and Warrants

The company's paid-up equity share capital remained stable at ₹587.70 crores with a face value of ₹10 per share. The company had previously allotted 19,20,000 warrants to promoters and non-promoters, carrying conversion rights into equity shares at ₹10 each with a premium of ₹54 per share within 18 months from the October 25, 2024 allotment date.

The Board of Directors approved the unaudited financial results in their meeting held on January 22, 2026, with the Audit Committee reviewing the results and statutory auditors conducting a limited review of the financial statements.