Certificate under Regulation 169(5) as per SEBI ICDR Regulations, 2018 for allotment of 19,20,000 Equity Shares pursuant to conversion of Equity Convertible Warrants.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nexome Capital Markets Limited (formerly SMIFS Capital Markets Limited) completed the conversion of 19,20,000 equity convertible warrants into an equal number of equity shares. The warrants were issued at ₹64 per unit via a preferential issue approved by the board on 11 September 2024 and by shareholders via postal ballot on 14 October 2024. The company received the full consideration: 25% upfront money of ₹3,07,20,000 on 22 October 2024, and the balance 75% amounting to ₹9,21,60,000 between 8–14 April 2026. The allottees were Utsav Parekh (promoter, 3,88,000 shares), and four non-promoter entities — Panchganga Advisors, Monet Securities, Forbes EMF, and Chivas Trading — collectively receiving 15,32,000 shares. The statutory auditor, S K Agrawal and Co, confirmed no fund circulation and full compliance with ICDR Regulations.
The share capital of Nexome Capital Markets increases by 19,20,000 shares, diluting existing shareholders. Promoter Utsav Parekh holds a significant position post-allotment. The compliance certificate confirms clean execution of the preferential warrant conversion, removing regulatory risk.