Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has received regulatory disclosure from Progressive Star Finance Private Limited regarding substantial share acquisition through the company's rights issue. The disclosure, filed on March 26, 2026, provides detailed information about the transaction completed under both SEBI substantial acquisition and insider trading regulations.

Rights Issue Transaction Details

Progressive Star Finance Private Limited acquired 6,13,519 equity shares through the rights issue allotment completed on March 24, 2026. The acquisition represents a strategic increase in the promoter group's stake in the capital markets company, with a total transaction value of Rs. 4,60,13,925.

Shareholding Position Analysis

The acquisition significantly altered Progressive Star Finance's shareholding position in Nexome Capital Markets. Before the rights issue, the company held 12,27,039 shares representing 20.88% of the voting capital and 15.74% of the diluted share capital.

The acquisition maintained Progressive Star Finance's percentage of voting capital at 20.88% while increasing its diluted capital percentage from 15.74% to 17.14%.

Capital Structure Impact

The rights issue substantially expanded Nexome Capital Markets' equity base, with the company's share capital increasing from Rs. 5,87,70,000 to Rs. 8,81,55,000. The total diluted share capital, including 19,20,000 outstanding warrants, reached Rs. 10,73,55,000.

Regulatory Compliance Framework

The transaction required dual regulatory compliance under SEBI regulations. Progressive Star Finance filed disclosures pursuant to both Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Promoter Group Structure

Progressive Star Finance Private Limited operates as part of a broader promoter group that includes several persons acting in concert: Utsav Parekh (Director, DIN: 00027642), Nilangi Parekh, Stewart Investment and Financial Pvt Ltd, Lend Lease Company (India) Limited, Saharsh Parekh, Samarth Parekh, Vivaan and Keya Trust, and Araiya and Kiaan Trust.

The transaction reflects the promoter group's continued commitment to Nexome Capital Markets Limited, with Progressive Star Finance maintaining its significant stake through participation in the rights issue while supporting the company's capital expansion initiatives.

Nexome Capital Markets Limited has filed comprehensive disclosures with BSE Limited regarding the acquisition of equity shares by Araiya and Kiaan Trust under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was submitted on March 26, 2026, by Company Secretary cum Compliance Officer Sanjana Gupta.

Share Acquisition Through Rights Issue

Araiya and Kiaan Trust, a promoter group entity, acquired 36,250 equity shares of Nexome Capital Markets Limited through a rights issue completed on March 24, 2026. The acquisition was valued at Rs 27,18,750 and maintained the trust's percentage shareholding at 1.23% of the paid-up equity shares.

Regulatory Compliance Documentation

The company filed Form B under SEBI Insider Trading Regulations, providing detailed information about the transaction. The form disclosed that the securities were acquired through a rights issue on BSE, with the transaction type classified as "Purchase of Equity shares by Promoter Group."

Trust and Promoter Group Structure

Araiya and Kiaan Trust is located at Ground Floor, Flat No. 2, 36A Elgin Road, Kolkata – 700020, with Utsav Parekh serving as the trustee. The trust holds PAN number AAKTA1135E and is part of the promoter group structure of Nexome Capital Markets Limited.

The disclosure confirms that the trust did not engage in any derivatives trading on the company's securities during this period, as indicated in the "Not applicable" section of the derivatives trading disclosure.

Corporate Information

Nexome Capital Markets Limited, formerly known as SMIFS Capital Markets Limited, is listed on BSE Limited. The company's registered office is located at Vaibhav (4F), 4 Lee Road, Kolkata- 700020. The transaction documentation was digitally signed by both the company's compliance officer and the trust's trustee on March 26, 2026.

The acquisition represents a strategic move by the promoter group to participate in the company's rights issue while maintaining their existing percentage shareholding in the capital structure.