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%.

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.

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.

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.

LendLease Company (India) Limited and its persons acting in concert have strengthened their position in Nexorr.e Capital Markets Limited through a strategic open market acquisition. The group acquired 29,000 shares on December 31, 2025, representing a modest but significant increase in their collective shareholding.

Acquisition Details

The transaction involved the purchase of 29,000 shares through open market operations, increasing the group's total holding from 2,60,000 shares to 2,89,000 shares. This acquisition represents 0.49% of the total share capital and 0.37% of the diluted share capital of the target company.

Acquirer Group Structure

The acquisition group comprises LendLease Company (India) Limited as the primary acquirer, supported by eight persons acting in concert. The group includes key individuals and corporate entities working in coordination:

• Individual PACs: Utsav Parekh, Nilangi Parekh, Saharsh Parekh, and Samarth Parekh
• Corporate PACs: Stewart Investment and Financial Pvt Ltd and Progressive Star Finance Pvt Ltd
• Trust Entities: Vivaan and Keya Trust, and Araiya and Kiaan Trust

The acquirer group belongs to the promoter/promoter group category, indicating their significant influence in the company's operations and strategic direction.

Company Profile and Listing Details

Nexorr.e Capital Markets Limited maintains its listing presence on two stock exchanges - BSE Limited and The Calcutta Stock Exchange Limited. The company's equity share capital remained stable at ₹5.88 crores both before and after the acquisition, while the total diluted share capital stands at ₹7.80 crores.

Transaction Significance

The open market acquisition demonstrates the promoter group's continued confidence in the company's prospects. The transaction was executed without any encumbrance of shares, voting rights through other instruments, or convertible securities involvement. The straightforward nature of the acquisition reflects a clean increase in equity participation by the promoter group.

The acquisition maintains the company's existing capital structure while consolidating the promoter group's influence. With no changes to the equity base or introduction of complex financial instruments, the transaction represents a direct equity investment approach by the acquiring entities.