Nexome Capital Markets Converts 19.2L Warrants into Equity Shares
Nexome Capital Markets Limited has successfully completed the conversion of 19,20,000 equity convertible warrants into equity shares following its board meeting held on April 20, 2026. The warrant holders exercised their right for conversion by paying the balance 75% of the issue price at Rs. 48/- per warrant, aggregating to Rs. 9,21,60,000/-. The total issue price per equity share stands at Rs. 64/-, comprising a face value of Rs. 10/- and a premium of Rs. 54/-. Pursuant to this conversion, the paid-up equity share capital of the company has increased to Rs. 10,73,55,000/-, consisting of 1,07,35,500 fully paid-up equity shares of Rs. 10/- each. The newly allotted shares will rank pari-passu with existing equity shares, and the company will make an application for listing and trading approval of these shares to the stock exchange.
*this image is generated using AI for illustrative purposes only.
Nexome Capital Markets Limited has successfully completed the conversion of 19,20,000 equity convertible warrants into equity shares following its board meeting held on April 20, 2026. The meeting, which commenced at 11:00 A.M. and concluded at 11:17 A.M., approved the allotment of 19,20,000 equity shares of face value Rs. 10/- each to existing warrant holders from both promoter and non-promoter categories.
Warrant Conversion Details
The warrant holders exercised their right for conversion by paying the balance 75% of the issue price at Rs. 48/- per warrant, aggregating to Rs. 9,21,60,000/-. Previously, 25% (Rs. 16/- per warrant) had been paid as warrant subscription price. The total issue price per equity share stands at Rs. 64/-, comprising a face value of Rs. 10/- and a premium of Rs. 54/-.
| Category | Allottee | Warrants Converted | Equity Shares Allotted | Amount Received (Rs.) |
|---|---|---|---|---|
| Promoter | Mr. Utsav Parekh | 3,88,000 | 3,88,000 | 1,86,24,000 |
| Non-Promoter | Panchganga Advisors Pvt Ltd | 3,85,000 | 3,85,000 | 1,84,80,000 |
| Non-Promoter | Monet Securities Pvt Ltd | 3,85,000 | 3,85,000 | 1,84,80,000 |
| Non-Promoter | FORBES EMF | 3,82,000 | 3,82,000 | 1,83,36,000 |
| Non-Promoter | Chivas Trading Pvt Ltd | 3,80,000 | 3,80,000 | 1,82,40,000 |
| Total | 19,20,000 | 19,20,000 | 9,21,60,000 |
Capital Structure Impact
Pursuant to this conversion, the paid-up equity share capital of the company has increased to Rs. 10,73,55,000/-, consisting of 1,07,35,500 fully paid-up equity shares of Rs. 10/- each. The newly allotted shares will rank pari-passu with existing equity shares. The company will make an application for listing and trading approval of these shares to the stock exchange.
Post-Allotment Shareholding
The conversion has resulted in changes to the shareholding pattern. Mr. Utsav Parekh's holding increased to 5,32,300 shares (4.96%), while non-promoter entities including Panchganga Advisors Pvt Ltd (3.59%), Monet Securities Pvt Ltd (3.59%), FORBES EMF (3.56%), and Chivas Trading Pvt Ltd (3.56%) received significant stakes. The equity shares allotted pursuant to warrant conversion shall be subject to lock-in as per Chapter V of SEBI (ICDR) Regulations, 2018.
Historical Stock Returns for Nexome Capital Markets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.89% | +4.52% | +26.61% | -7.56% | +36.14% | +234.08% |
How will the increased shareholding of non-promoter entities affect Nexome Capital Markets' corporate governance and strategic decision-making processes?
What impact might the Rs. 92.16 crore capital infusion have on Nexome's expansion plans and operational capabilities in the coming quarters?
Will the lock-in period restrictions under SEBI regulations create any liquidity constraints for the new shareholders in the near term?
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