Appointment and resignation of CFO of the company.
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New Markets Advisory Limited held a board meeting on 14 August 2025 where it approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations rose sharply to Rs. 11.75 lakhs from Rs. 0.75 lakhs in the same quarter last year, and the company swung to a profit after tax of Rs. 7.83 lakhs compared to a loss of Rs. 2.08 lakhs earlier. Mr. Kishore Kanhiyalal Jain resigned as Chief Financial Officer citing pre-occupation, but continues as Whole Time Director of the company. Mr. Jayesh Ramchandra Patil, a commerce graduate with over 20 years of experience in finance, accounts, audit, and taxation, was appointed as the new CFO effective the same date. The statutory auditor, Suvarna & Katdare, issued an unmodified review opinion on the results.
The CFO change appears routine — the outgoing CFO stays on as Whole Time Director and the incoming CFO brings two decades of relevant finance experience, so no governance red flags for shareholders. The strong year-on-year revenue and profit swing is a positive signal, though the company remains very small in scale (revenue under Rs. 12 lakhs for the quarter).