Submission of Voting Result for the AGM held on 31st July 2025
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New Markets Advisory Ltd held its 43rd AGM on 31st July 2025 from 3:00 PM to 4:15 PM in Andheri East, Mumbai. All 12 resolutions were passed unanimously with 100% votes in favour and zero votes against. Of the 40 shareholders on record date (24th July 2025), only 7 attended in person — 1 promoter and 6 public shareholders — with 1,079,400 votes polled out of 1,240,000 outstanding shares (87.05% polling percentage). Key business resolutions approved include a change in the company's name, an increase in authorised share capital with corresponding amendment to the Capital clause of the MOA, a change to the Object clause of the MOA, approval to invest/give loans/guarantees beyond Section 186 limits, enhanced overall borrowing limits under Section 180(1)(c), and the issue of 0% convertible equity warrants along with a preferential allotment of equity shares to identified non-promoter persons/entities. Director-related resolutions covered the re-appointment of Mr. Kishore Kanhiyalal Jain as Whole-time Director and CFO, and re-appointments of Ms. Sejal Yerapale, Ms. Kavita Pawar, and Mr. Uday Sawant to the board. Scrutinizer Suhas S. Ganpule of S.G. & Associates certified the results on the same day.
Shareholders should note the company is preparing for significant structural changes — a name change, an expansion of authorised capital, a revised business object clause, and a preferential equity/warrant issue to non-promoters, which together point to a potential business pivot and incoming equity dilution. The Section 180(1)(c) and Section 186 approvals also give the board wider room to borrow and deploy funds beyond existing limits, which could meaningfully affect capital structure and risk going forward.