Outcome of the Board Meeting dated 20.04.2026
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Nexome Capital Markets Limited's board has approved the conversion of 19,20,000 equity convertible warrants into 19,20,000 fully paid-up equity shares of Rs. 10 each. The warrant holders paid Rs. 48 per warrant (75% of the Rs. 64 issue price) for conversion, totaling Rs. 9.22 crore received by the company. Allottees include promoter Mr. Utsav Parekh (3.88 lakh shares) and four non-promoter entities: Panchganga Advisors, Monet Securities, Forbes EMF, and Chivas Trading. Following the conversion, the company's paid-up capital increased to Rs. 10.73 crore with 1.07 crore shares. The new shares will rank pari-passu with existing shares and are subject to lock-in as per SEBI ICDR Regulations 2018.
The warrant conversion increases the company's paid-up capital by approximately 21.8%, diluting existing shareholders' stakes. The shares are subject to lock-in, so immediate selling pressure is limited, but the increased float may impact stock liquidity and shareholder percentages.