Reg 32 Statement of Deviation & variation of Quarter and year ended 31st March, 2026
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New Markets Avenue Limited reported audited annual results for FY2026 ending March 31. The company posted a net loss of ₹31.75 lakhs compared to a profit of ₹1.64 lakhs in FY2025, a significant deterioration. Revenue declined marginally to ₹19.59 lakhs from ₹20.90 lakhs, while total expenses surged to ₹51.34 lakhs from ₹19.26 lakhs. The company raised ₹502.50 lakhs via preferential issue on November 27, 2025, issuing 90 lakh warrants at ₹10 each (37 lakh converted to equity, 53 lakh pending). Balance sheet shows assets grew to ₹579.04 lakhs (from ₹131.77 lakhs) with cash position improving dramatically to ₹312.13 lakhs. Share capital increased to ₹626.50 lakhs. The company stated no deviation in fund utilisation from the stated objects.
The company swung from profit to substantial loss in FY2026 with expenses nearly tripling, which is a major red flag for investors. However, the large capital raise of ₹502.50 lakhs significantly strengthened the balance sheet and cash reserves. The clean audit opinion provides assurance on financial reporting integrity.