Nexome Capital Markets Ltd. is embarking on a Rights Issue in March 2026, seeking to raise ₹22.04 Crores by issuing 2.94 million equity shares at ₹75 apiece, with a face value of ₹10. Shareholders on record by March 5, 2026, can subscribe, receiving one rights share for every two they hold, between March 13 and March 23. This financial services company, involved in brokerage and wealth management, aims to deploy the proceeds into shares, securities, mutual funds, and to meet crucial SEBI regulatory requirements. However, a closer inspection of their recent financial performance reveals a significant red flag for potential investors. Nexome's total income saw a dramatic drop from ₹239.86 Crores in March 2024 to just ₹44.41 Crores by March 2025. Concurrently, their profit after tax also halved, from ₹2.41 Crores to ₹1.17 Crores. While the stated objectives for fund utilization are standard, this sharp decline in profitability and revenue calls for extreme caution. The company's underlying operational health appears to be deteriorating, casting a shadow over the attractiveness of this rights issue despite its strategic intent.

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