Non-promoter acquires 9.77 percent via preferential allotment

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Next day

₹64.46

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+2.2% vs market

Software Products peers, median of 42sector-0.4%+2.4% vs sector

By the next day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.4 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mrs. Chhaya Gaurang Shah, a non-promoter, acquired 10,00,000 shares (9.77 percent) of New Markets Avenue Limited through a preferential allotment on 13 August 2026. She held zero shares before this acquisition. Post-acquisition, her total holding is 9.77 percent of the equity capital (10 lakh shares out of 1.02 crore total shares of Rs 10 face value). The filing was made under SEBI SAST Regulation 29(1).

Likely market impact

Non-promoter holding now sits at 9.77 percent, just under the 10 percent disclosure threshold. Any further buys will trigger mandatory open offer provisions.