Nexome Capital Markets Limited Voluntarily Delists from Calcutta Stock Exchange

1 min read     Updated on 12 Jan 2026, 03:45 PM
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Overview

Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) completed its voluntary delisting from The Calcutta Stock Exchange Limited on January 12, 2026, following approval under SEBI delisting regulations. The company's shares continue to trade on BSE Limited, ensuring maintained market access for investors.

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Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) has successfully completed its voluntary delisting from The Calcutta Stock Exchange Limited (CSE) with effect from January 12, 2026. The delisting was executed under the SEBI (De-listing of Equity Shares) Regulations, 2021, following formal approval from the exchange.

Delisting Approval and Timeline

The Calcutta Stock Exchange Limited granted approval for the voluntary delisting through its official letter No. CSE/LD/DL/17072/2026, dated January 09, 2026. The company informed BSE Limited of this development on the same day the delisting became effective.

Parameter: Details
Delisting Date: January 12, 2026
Approval Letter No.: CSE/LD/DL/17072/2026
Approval Date: January 09, 2026
Regulatory Framework: SEBI (De-listing of Equity Shares) Regulations, 2021

Continued Exchange Presence

Despite the delisting from CSE, Nexome Capital Markets Limited's equity shares will continue to remain listed and traded on BSE Limited. This ensures that investors retain access to the company's shares through the primary stock exchange, maintaining liquidity and trading opportunities.

Official Communication

The delisting notification was formally communicated to BSE Limited by Company Secretary cum Compliance Officer Sanjana Gupta. The communication emphasized that while the company has delisted from CSE, its presence on BSE Limited remains unchanged, providing continuity for shareholders and market participants.

CSE Delisting Notice

The Calcutta Stock Exchange Limited issued an official notice to its members regarding the delisting, which included Nexome Capital Markets Limited alongside Apex Enterprises (India) Limited. Both companies were delisted on the same date under the voluntary delisting provisions.

Company Details: Information
Current Name: Nexome Capital Markets Limited
Former Name: SMIFS Capital Markets Limited
CSE Scrip Codes: 29354 & 10029354
Delisting Type: Voluntary

The delisting represents a strategic decision by the company to streamline its exchange presence while maintaining its listing status on BSE Limited, which serves as its primary trading platform.

Historical Stock Returns for SMIFS Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
+2.25%-1.09%+4.35%-8.75%+29.76%+184.20%
SMIFS Capital Markets
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Progressive Star Finance Increases Stake in Nexome Capital Markets to 20.88%

2 min read     Updated on 31 Dec 2025, 06:10 PM
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Reviewed by
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Overview

Progressive Star Finance Private Limited has increased its stake in Nexome Capital Markets Limited by acquiring 14,385 equity shares through open market transactions, raising its shareholding from 20.64% to 20.88%. The transaction was conducted under SEBI's substantial acquisition regulations with detailed disclosure of persons acting in concert including various individuals, corporate entities, and trusts associated with the promoter group.

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Progressive Star Finance Private Limited has announced the acquisition of additional equity shares in Nexome Capital Markets Limited, filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on December 31, 2025.

Share Acquisition Details

The acquisition involved 14,385 equity shares purchased through open market transactions on December 31, 2025. This transaction increased Progressive Star Finance's total holding in Nexome Capital Markets from 12,12,654 shares to 12,27,039 shares, representing a shareholding increase from 20.64% to 20.88%.

Parameter: Before Acquisition After Acquisition
Number of Shares: 12,12,654 12,27,039
Shareholding Percentage: 20.64% 20.88%
Voting Rights Percentage: 15.56% 15.74%
Transaction Mode: - Open Market

Persons Acting in Concert

The disclosure identifies several entities and individuals acting in concert with Progressive Star Finance Private Limited as the acquirer. These include Utsav Parekh, Nilangi Parekh, Stewart Investment and Financial Private Limited, Lend Lease Company (India) Limited, Saharsh Parekh, Samarth Parekh, Vivaan and Keya Trust, and Araiya and Kiaan Trust.

PAC Details: Information
Acquirer Status: Promoter Group
Key Individuals: Utsav Parekh, Nilangi Parekh
Corporate Entities: Stewart Investment, Lend Lease Company
Trust Entities: Vivaan & Keya Trust, Araiya & Kiaan Trust

Regulatory Compliance

The disclosure was filed with Nexome Capital Markets Limited's board of directors and the stock exchanges where the company is listed, including BSE Limited and The Calcutta Stock Exchange Limited. The filing was signed by Surendra Nath Ojha, Whole Time Director of Progressive Star Finance Private Limited (DIN: 02430744), ensuring compliance with SEBI substantial acquisition regulations.

Company Information

Progressive Star Finance Private Limited, incorporated under CIN U70109WB1991PTC053288, maintains its registered office at Ground Floor, Flat No. 02, 36A, Elgin Road, Kolkata - 700020. The company operates as a promoter entity in relation to Nexome Capital Markets Limited.

Company Details: Information
ISIN Code: INE641A01013
BSE Scrip Code: 508905
Listed Exchanges: BSE, Calcutta Stock Exchange
Equity Share Capital: ₹5.88 crores
Total Diluted Capital: ₹7.80 crores

The transaction represents a strategic increase in Progressive Star Finance's stake in the financial services company, demonstrating continued confidence in Nexome Capital Markets' business prospects as a promoter entity.

Historical Stock Returns for SMIFS Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
+2.25%-1.09%+4.35%-8.75%+29.76%+184.20%
SMIFS Capital Markets
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