SMIFS Capital Markets Limited, now known as Nexome Capital Markets Limited, has received a significant approval from The Calcutta Stock Exchange (CSE) for a major shareholding reclassification. This development marks a notable change in the company's ownership structure and compliance with regulatory requirements.

Reclassification Approval

The Calcutta Stock Exchange has granted approval for Nexome Capital Markets to reclassify eight individuals and entities from the 'Promoter/Promoter Group' category to the 'Public' category of shareholders. This reclassification is in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Entities Approved for Reclassification

The following individuals and entities have been approved for reclassification:

1. Ajay Kumar Kayan
2. Lalita Kayan
3. Rahul Kayan
4. Payal Saraf
5. Suman Bhartia
6. Ajay Kumar Kayan HUF
7. Gauri Shankar Ajay Kumar HUF
8. Mackertich Consultancy Services Private Limited

Next Steps

Nexome Capital Markets has stated that it will take all necessary steps to comply with the reclassification process. This includes calling a shareholders' meeting to seek approval for the reclassification, as required under SEBI LODR Regulations.

Regulatory Compliance

The company received the no-objection letter from CSE on September 23, bearing reference number CSE/LD/16960/2025. This approval follows Nexome Capital Markets' application dated June 5 for the reclassification request.

Trading Window Closure

In a separate but related development, Nexome Capital Markets has announced the closure of its trading window for insiders. This closure is in compliance with SEBI regulations on the prohibition of insider trading. The trading window will remain closed from October 1 until 48 hours after the declaration of the company's unaudited financial results for the quarter ending September 30.

This reclassification approval and the proactive measures taken for insider trading prevention demonstrate Nexome Capital Markets' commitment to regulatory compliance and transparent corporate governance. Shareholders and potential investors should take note of these changes in the company's ownership structure and trading restrictions for insiders.

Nexome Capital Markets Limited continues to trade under the ISIN INE641A01013, and further updates regarding the shareholders' meeting and financial results are expected to be communicated in due course.

SMIFS Capital Markets Limited, now known as Nexome Capital Markets Limited, has received a significant approval from the BSE Limited (BSE) regarding the reclassification of certain individuals and entities from the "Promoter/Promoter Group" category to the "Public" category of shareholders.

BSE Approval Details

The company announced that it had received a no-objection letter from BSE dated September 17, 2025. This approval comes in response to Nexome Capital's application submitted on June 04, 2025, seeking reclassification under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).

Entities Approved for Reclassification

The BSE has granted approval for the reclassification of the following eight individuals and entities:

1. Ajay Kumar Kayan
2. Lalita Kayan
3. Rahul Kayan
4. Payal Saraf
5. Suman Bhartia
6. Ajay Kumar Kayan HUF
7. Gauri Shankar Ajay Kumar HUF
8. Mackertich Consultancy Services Private Limited

Next Steps

While this approval from BSE marks a significant milestone, the reclassification process is not yet complete. Nexome Capital Markets Limited will now proceed with the following steps:

1. Convene a shareholders' meeting to seek necessary approvals as required under Regulation 31A of SEBI LODR Regulations.
2. Take all necessary steps to comply with the requirements set forth in the regulations.
3. Ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

Implications

This reclassification, once fully approved, could potentially impact the shareholding structure of Nexome Capital Markets Limited. It may also affect various regulatory requirements and disclosures that the company needs to make, as the individuals and entities involved will move from the Promoter category to the Public category.

Investors and stakeholders of Nexome Capital Markets Limited should keep an eye on further announcements regarding the shareholders' meeting and the final approval of this reclassification.

The company has stated that it will upload this information on its official website ( www.nexomecap.com ) for the information and compliance of all concerned parties.