Nexome Capital Markets: Director Utsav Parekh Increases Shareholding Through Rights Issue
Nexome Capital Markets Limited disclosed that Director and Promoter Utsav Parekh acquired 48,100 equity shares through a rights issue completed on March 24, 2026, for Rs. 36,07,500. The acquisition increased his shareholding to 1,44,300 equity shares, representing 4.95% of the company's diluted capital. The company filed comprehensive regulatory disclosures under both SEBI takeover regulations and insider trading regulations, with the rights issue expanding the equity capital from Rs. 5,87,70,000 to Rs. 8,81,55,000.
*this image is generated using AI for illustrative purposes only.
Nexome Capital Markets Limited has filed regulatory disclosures regarding the acquisition of equity shares by Director Utsav Parekh under both SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosures, dated March 26, 2026, detail the share acquisition through a rights issue completed on March 24, 2026.
Share Acquisition Details
Utsav Parekh, who serves as a Director and Promoter with DIN 00027642, acquired 48,100 equity shares through the rights issue at a transaction value of Rs. 36,07,500. The acquisition increased his direct shareholding and modified his overall position in the company.
| Parameter: | Before Acquisition | After Acquisition |
|---|---|---|
| Shares carrying voting rights: | 96,200 | 1,44,300 |
| Warrants/convertible securities: | 3,88,000 | 3,88,000 |
| Total holding: | 4,84,200 | 5,32,300 |
| % of total voting capital: | 8.24% | 6.04% |
| % of diluted capital: | 6.21% | 4.95% |
Regulatory Compliance Framework
The company submitted comprehensive disclosures under multiple SEBI regulations. Company Secretary cum Compliance Officer Sanjana Gupta filed the disclosure under Regulation 29(2) of SEBI takeover regulations, while Utsav Parekh personally submitted Form B under Regulation 7(2) of SEBI Insider Trading Regulations.
| Regulatory Filing: | Details |
|---|---|
| Transaction Value: | Rs. 36,07,500 |
| Filing Date: | March 26, 2026 |
| Allotment Date: | March 24, 2026 |
| Mode of Acquisition: | Rights Issue |
| Exchange: | BSE Limited |
Capital Structure Changes
The rights issue significantly impacted the company's capital structure. The equity share capital expanded from Rs. 5,87,70,000 to Rs. 8,81,55,000 following the completion of the rights issue. The total diluted share capital, including outstanding warrants, reached Rs. 10,73,55,000.
| Capital Component: | Amount |
|---|---|
| Pre-rights equity capital: | Rs. 5,87,70,000 |
| Post-rights equity capital: | Rs. 8,81,55,000 |
| Total diluted capital: | Rs. 10,73,55,000 |
Persons Acting in Concert
The disclosure identifies several entities and individuals acting in concert with Utsav Parekh:
- Nilangi Parekh
- Progressive Star Finance Pvt Ltd
- Stewart Investment and Financial Pvt Ltd
- Lend Lease Company (India) Limited
- Saharsh Parekh
- Samarth Parekh
- Vivaan and Keya Trust
- Araiya and Kiaan Trust
The company confirmed that Utsav Parekh belongs to the promoter group. Nexome Capital Markets Limited, formerly known as SMIFS Capital Markets Limited, is listed on BSE Limited with ISIN INE641A01013. The shareholding pattern calculations are based on filings made with BSE Limited as on March 24, 2026, in accordance with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The diluted capital computation includes 19,20,000 outstanding warrants that remain unconverted.
Historical Stock Returns for Nexome Capital Markets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.21% | +14.27% | +0.86% | +0.86% | +0.86% | +0.86% |
Will the remaining 19,20,000 outstanding warrants be converted soon, and how might this further dilute existing shareholders' positions?
What strategic initiatives is Nexome Capital Markets planning to fund with the Rs. 2.94 crore raised through this rights issue expansion?
How will the significant increase in equity capital from Rs. 5.87 crore to Rs. 8.82 crore impact the company's debt-to-equity ratio and financial leverage?
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