The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Parasmal Gulechha
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Mr. Manish Parasmal Gulechha, along with person acting in concert Ms. Divya Rajendrabhai Sethia, has disclosed an acquisition of 6,00,000 equity shares (12.15%) in New Markets Avenue Ltd via preferential allotment on 27 November 2025. Prior to this, the acquirers held zero shares in the company. Mr. Gulechha acquired 4,00,000 shares and Ms. Sethia acquired 2,00,000 shares, both individually holding 12.15% of the voting capital post-allotment. The acquirers do not belong to the promoter or promoter group of the company. The disclosure was filed under Regulation 29(1) of SEBI's SAST Regulations, 2011, triggered because their holding crossed the 5% disclosure threshold.
Non-promoter acquirers have built a 12.15% stake via preferential allotment, which is dilutive for existing shareholders. This is a meaningful new shareholder entry and may shift the ownership composition of the small-cap company (total equity: 49.40 lakh shares).