Nexome Capital Markets: Trust Acquires 37,266 Shares Through Rights Issue
Nexome Capital Markets Limited disclosed Vivaan and Keya Trust's acquisition of 37,266 equity shares through rights issue completed on March 24, 2026. The trust, part of the promoter group led by trustee Utsav Parekh, maintained its 1.27% shareholding despite the company's capital expansion from ₹5.88 crore to ₹8.82 crore post-rights issue.
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Nexome Capital Markets Limited has disclosed a substantial acquisition of shares by Vivaan and Keya Trust under both SEBI takeover regulations and insider trading regulations. The trust acquired 37,266 equity shares through a rights issue completed on March 24, 2026, with regulatory filings submitted on March 26, 2026.
Regulatory Compliance Framework
The transaction was disclosed under dual regulatory frameworks. The company and trust submitted disclosures under 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. Both entities filed their respective Form B disclosures with BSE Limited on March 26, 2026.
Acquisition Transaction Details
The share acquisition was executed through a rights issue mechanism, with Vivaan and Keya Trust participating as part of the promoter group. The detailed transaction parameters are presented below:
| Parameter | Before Acquisition | Acquisition | After Acquisition |
|---|---|---|---|
| Shares Held | 74,532 | 37,266 | 1,11,798 |
| Percentage of Share Capital | 1.27% | 0.63% | 1.27% |
| Transaction Value | - | ₹27,94,950 | - |
| Date of Allotment | - | March 24, 2026 | - |
Capital Structure Impact
The rights issue resulted in significant changes to Nexome Capital Markets Limited's capital structure. The company's equity share capital increased substantially following the rights issue completion.
| Capital Component | Amount |
|---|---|
| Equity Share Capital (Before Rights Issue) | ₹5,87,70,000 |
| Equity Share Capital (After Rights Issue) | ₹8,81,55,000 |
| Total Diluted Share Capital | ₹10,73,55,000 |
Trust Structure and Leadership
Vivaan and Keya Trust operates under the trusteeship of Utsav Parekh, who signed the regulatory disclosures on behalf of the trust. The trust is registered with PAN AAETV0681J and maintains its registered address at Ground Floor, Flat No. 2, 36A Elgin Road, Kolkata – 700020.
Promoter Group Ecosystem
The trust functions as part of a broader promoter group structure that includes multiple entities and individuals acting in concert:
- Utsav Parekh (Trustee)
- Nilangi Parekh
- Progressive Star Finance Pvt Ltd
- Stewart Investment and Financial Pvt Ltd
- Lend Lease Company (India) Limited
- Saharsh Parekh
- Samarth Parekh
- Araiya and Kiaan Trust
Corporate Governance
Company Secretary cum Compliance Officer Sanjana Gupta executed the disclosure on behalf of Nexome Capital Markets Limited, ensuring compliance with both takeover and insider trading regulations. The acquisition maintains the trust's proportional position within the promoter group while reflecting the company's capital expansion through the rights issue mechanism. Nexome Capital Markets Limited, formerly known as SMIFS Capital Markets Limited, continues to be listed on BSE Limited with ISIN INE641A01013.
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% |
What strategic initiatives will Nexome Capital Markets pursue with the ₹2.94 crore raised through the rights issue expansion?
How might the 50% increase in equity share capital impact Nexome's market position and competitive strategy in the capital markets sector?
Will the promoter group's complex trust structure facilitate additional acquisitions or consolidation moves in the near term?
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