Outcome of Board Meeting dated 20.04.2026
Price
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On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nexome Capital Markets' board, at its meeting on April 20, 2026, approved the conversion of 19,20,000 equity convertible warrants into equity shares of Rs. 10 each at an issue price of Rs. 64 per share (Rs. 10 face value + Rs. 54 premium). Warrant holders paid the balance 75% amount of Rs. 48 per warrant, aggregating to Rs. 9.21 crore. This raises the company's paid-up equity capital to Rs. 10.73 crore, comprising 1,07,35,500 fully paid-up shares. The conversion involved 5 allottees: Promoter Utsav Parekh (3,88,000 shares, taking his holding from 1.64% to 4.96%) and four non-promoter allottees (Panchganga Advisors, Monet Securities, Forbes EMF, and Chivas Trading). The newly allotted shares will rank pari-passu with existing shares and are subject to SEBI lock-in provisions. The company will apply for listing and trading approval from the stock exchange.
This is a dilutive event as 19.2 lakh new shares are being issued, expanding the share count and reducing existing shareholders' proportional ownership. However, the company has already received Rs. 9.21 crore in cash, strengthening its capital base, and Promoter Utsav Parekh's increased stake signals insider confidence.