Disclosure pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011
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Stewart Investment and Finance Private Limited, part of the promoter group of Nexome Capital Markets Ltd (formerly SMIFS Capital Markets), has disclosed acquisition of 4,20,950 equity shares through the company's Rights Issue, allotted on March 24, 2026. After this acquisition, Stewart Investment's holding stands at 12,62,850 shares, representing 14.33% of the total share/voting capital and 11.76% of the diluted share/voting capital. The percentage ownership remains unchanged at 14.33% because the Rights Issue proportionally increased the total share capital from Rs. 8.77 crore to Rs. 8.82 crore. The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, by both the target company and the acquirer.
This is a routine promoter subscription to a Rights Issue and does not change effective promoter ownership percentage. No material impact on stock price or shareholder value expected, as the promoter group is maintaining its stake by participating in the capital raise.