Progressive Star Finance Increases Stake in Nexome Capital Markets to 20.88%

2 min read Updated on 31 Dec 2025, 06:27 PM

Reviewed by

Riya DScanX News Team

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.

*this image is generated using AI for illustrative purposes only.

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 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

Nexome Capital Markets Director Samarth Parekh Files SEBI Insider Trading Disclosure

1 min read Updated on 31 Dec 2025, 03:12 PM

Reviewed by

Jubin VScanX News Team

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Overview

Samarth Parekh has been appointed as Joint Managing Director of Nexome Capital Markets Limited on December 30, 2025, and filed mandatory SEBI insider trading disclosure. The filing shows Parekh holds zero equity shares representing 0% shareholding at appointment and has no derivatives positions in the company's securities.

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Nexome Capital Markets Limited has received a regulatory disclosure from its newly appointed Joint Managing Director, Samarth Parekh, in compliance with SEBI Insider Trading Regulations. The disclosure, dated December 30, 2025, was submitted to BSE Limited and The Calcutta Stock Exchange Limited as required under Regulation 7(1)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Director Appointment Details

Samarth Parekh was appointed as Joint Managing Director of Nexome Capital Markets Limited on December 30, 2025. The company, which was formerly known as SMIFS Capital Markets Limited, trades under the ISIN code INE641A01013. Parekh's Director Identification Number (DIN) is 00199598, and he is categorized as a Promoter in the regulatory filing.

Securities Holdings Disclosure

The mandatory disclosure reveals Parekh's shareholding position at the time of his appointment:

Parameter:	Details
Equity Shares Held:	NIL
Shareholding Percentage:	0%
Date of Appointment:	December 30, 2025
Category:	Promoter

Derivatives Position

The filing also addresses Parekh's position in derivative instruments related to the company's securities. According to the disclosure, he holds no open interest in either futures contracts or options contracts on Nexome Capital Markets Limited securities at the time of his appointment.

Contract Type:	Position
Future Contracts:	NA
Option Contracts:	NA
Notional Value:	NA

Regulatory Compliance

The disclosure was filed in the prescribed Form 'A' format as mandated by SEBI regulations. This filing is part of the continual disclosure requirements for Key Managerial Personnel, Directors, Promoters, and members of the promoter group of listed companies. The regulation ensures transparency in securities holdings and trading activities by insiders to prevent potential misuse of unpublished price-sensitive information.

Parekh's contact details are listed as The Residency, 15th floor, E Block, Shiv Sagar Estate, Dr. Annie Besant Road, Worli, next to Ceejay House, Mumbai-400018. The disclosure was signed and submitted from Mumbai on December 30, 2025.

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