Proceeding of the Annual General Meeting

New Markets Advisory Limited held its 43rd AGM on July 31, 2025, in Mumbai, chaired by Director Kishore Kanhiyalal Jain. Twelve resolutions were proposed, covering routine items such as adoption of FY25 audited financial statements and re-appointment of directors, including Mr. Jain as Whole-time Director and CFO. Several special business items were also tabled, including approval for a change in the company's name, an increase in authorised share capital, alteration of the object clause of the Memorandum of Association, raising of overall borrowing limits under Section 180(1)(c), and approval to give loans/guarantees beyond Section 186 limits. The company also proposed issuing 0% convertible equity warrants on a preferential basis to identified non-promoter persons/entities. The meeting had the requisite quorum and voting was conducted via remote e-voting (July 28–30, 2025) and poll at the venue, with results to be declared later by the scrutinizer.