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.

Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has successfully completed its voluntary delisting from The Calcutta Stock Exchange Limited (CSE) with effect from January 12, 2026. The delisting was executed under the SEBI (De-listing of Equity Shares) Regulations, 2021, following formal approval from the exchange.

Delisting Approval and Timeline

The Calcutta Stock Exchange Limited granted approval for the voluntary delisting through its official letter No. CSE/LD/DL/17072/2026, dated January 09, 2026. The company informed BSE Limited of this development on the same day the delisting became effective.

Continued Exchange Presence

Despite the delisting from CSE, Nexome Capital Markets Limited's equity shares will continue to remain listed and traded on BSE Limited. This ensures that investors retain access to the company's shares through the primary stock exchange, maintaining liquidity and trading opportunities.

Official Communication

The delisting notification was formally communicated to BSE Limited by Company Secretary cum Compliance Officer Sanjana Gupta. The communication emphasized that while the company has delisted from CSE, its presence on BSE Limited remains unchanged, providing continuity for shareholders and market participants.

CSE Delisting Notice

The Calcutta Stock Exchange Limited issued an official notice to its members regarding the delisting, which included Nexome Capital Markets Limited alongside Apex Enterprises (India) Limited. Both companies were delisted on the same date under the voluntary delisting provisions.

The delisting represents a strategic decision by the company to streamline its exchange presence while maintaining its listing status on BSE Limited, which serves as its primary trading platform.