New Markets Advisory Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/11/2025 ,inter alia, to consider and approve 1. The conversion of 37,00,000 ....
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The Board of Directors of New Markets Avenue Ltd will meet on 27 November 2025 to consider converting 37,00,000 convertible warrants into equity shares of Rs.10 face value at par. All shares will be allotted to 17 non-promoter public allottees (individuals and one HUF), on a preferential basis, pursuant to a special resolution passed at the EGM on 31 July 2025 and BSE's in-principle approval dated 20 October 2025. Each allottee is converting all the warrants they originally held, meaning the full 37 lakh warrants will become equity shares. The conversion is at par, so no premium is being collected. Apart from this, the Board will discuss any other matters as permitted by the Chair.
This will increase the company's equity share capital by 37 lakh shares, leading to dilution for existing shareholders, though since conversion is at par, no fresh capital is raised beyond what was already paid at the time of warrant issuance. The stock could see mild volume or price pressure around the allotment date given the small-cap nature of the company.