Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
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Progressive Star Finance Private Limited, part of the promoter group of Nexome Capital Markets Ltd (formerly SMIFS Capital Markets Ltd), acquired 14,385 equity shares (0.24% of share capital) through open market purchases on December 31, 2025. After this acquisition, Progressive Star Finance's holding in Nexome Capital Markets rose to 12,27,039 shares, representing 20.88% of the equity share capital and 15.74% of the diluted share capital. The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The acquisition involves the acquirer along with persons acting in concert, including Utsav Parekh, Nilangi Parekh, Stewart Investment and Financial Pvt Ltd, and other promoter-related entities.
This is a modest open-market purchase by a promoter group entity, signalling continued promoter confidence in the company. However, the size of the acquisition is very small (0.24%), and there is no material change in overall promoter control, so the impact on share price or shareholder value is likely to be limited.