Appointment of Whole time company secretary and Compliance Officer
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The board of New Markets Advisory Ltd, at its meeting on 29 October 2025, approved the allotment of 90 lakh fully convertible equity warrants to non-promoter allottees at Rs. 10 each, aggregating up to Rs. 9 crore. The company received 25% of the consideration (Rs. 2.25 crore) upfront, with the remaining 75% payable within 18 months upon conversion into equity shares. The allottees include 22 non-promoter public investors, individuals, HUF, and entities such as Mamta Securities, Spring Trade Mercantile, and Plutus Capital Management LLP. The board also appointed Ms. Priyanka Moonka as Whole Time Company Secretary and Compliance Officer, and M/s. J.P. Chaturvedi and Co. as Internal Auditor.
The warrant issue could raise up to Rs. 9 crore in fresh capital but may lead to dilution of existing shareholders if and when the warrants are converted into equity shares within the 18-month window. The appointments of a compliance officer and internal auditor strengthen the company's governance structure, which is a positive signal for retail investors.