Change of name of company subject to approval of regulatory authority.
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Awaiting price reaction for this filing.
New Markets Advisory Limited's board approved multiple actions in one meeting on 24 April 2025. It plans to raise funds via 0% convertible equity warrants on a preferential basis to non-promoters (allottees yet to be finalised), with 25% upfront payment and 75% on conversion, priced per SEBI ICDR Regulation 164. The authorised share capital will rise from ₹1.25 crore to ₹15 crore. The company also proposes changing its name (to New Markets Avenue Limited or New Markets Opportunity Limited), vastly expanding its object clause to include trading, manufacturing, chemicals, and more, and increasing borrowing and investment limits to ₹50 crore each. For FY25, revenue was ₹20.90 lakh (vs ₹2.98 lakh) and profit after tax was ₹1.64 lakh (vs a loss of ₹12.84 lakh in FY24). EPS stood at ₹0.13.
This filing points to a major business pivot and potential dilution — existing shareholders should watch for the preferential warrant terms (allottees, size, dilution impact) and the shareholder meeting approvals needed. The widened business objects and name change suggest the company is repositioning itself away from its current small advisory operations.