The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Progressive Star Finance Pvt Ltd
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Progressive Star Finance Private Limited, part of the promoter group of Nexome Capital Markets Ltd (along with 8 listed Persons Acting in Concert), acquired 14,385 equity shares (0.24% of voting capital) via open market on December 31, 2025. Post-acquisition, the acquirer's holding rose from 20.64% (12,12,654 shares) to 20.88% (12,27,039 shares) of the paid-up voting capital, and from 15.56% to 15.74% on a fully diluted basis. No encumbrances (pledges) were created, invoked, or released as part of this transaction. The target company's equity share capital remains Rs. 5.87 crore, with diluted share capital of Rs. 7.80 crore.
This is a small promoter-group creeping acquisition in the open market, marginally strengthening the promoter family's control above the 20% mark. The size is too small (0.24%) to materially impact stock price or signal a strategic shift, but it reaffirms promoter confidence in the company.