Dear Sir / Madam, Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ....
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The Board of Directors of New Markets Advisory Limited met on October 16, 2025 and addressed observations raised by BSE regarding incomplete disclosures in the AGM notice dated July 2, 2025 for a proposed preferential issue of convertible warrants. The Board acknowledged that pre-issue and post-issue shareholding details of the proposed allottees were inadvertently omitted from the explanatory statement, which is mandatory under SEBI's ICDR Regulations. A revised table covering all 22 proposed allottees (all non-promoter public category) was approved, detailing their pre-issue holdings, warrants to be issued, and post-issue shareholding. The total warrants to be issued stand at approximately 90 lakh (9 million), which on conversion will result in fresh equity shares of similar size. The Board also reaffirmed that the issue proceeds will be used solely for working capital needs, growth objectives, and strengthening the company's financial position, with no deviation.
This is a procedural compliance correction rather than a substantive corporate change. Shareholders should note that the preferential issue of 90 lakh warrants is moving forward as planned, and the revised disclosure brings the company into full regulatory compliance, reducing the risk of regulatory action or delays in the issue.