The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nisha Hasmukh Panchal
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Ms. Nisha Hasmukh Panchal, a non-promoter acquirer, has disclosed the acquisition of 2,50,000 equity shares (5.06%) of New Markets Avenue Ltd through a Preferential Allotment on 27 November 2025. Prior to this acquisition, she held zero shares in the company. The company's total equity share capital stands at 49,40,000 shares of Rs. 10 each. As this is a non-promoter acquisition crossing the 5% threshold, a Regulation 29(1) disclosure was filed with BSE. The acquisition was done via preferential route, meaning shares were issued directly to the acquirer by the company.
A new non-promoter entity now holds 5.06% of the company, just above the 5% disclosure trigger. Any further purchases beyond 5% will need incremental disclosures, and crossing 10% will trigger open offer obligations under takeover norms. Retail investors should monitor for any further stake build-up by this acquirer.