Mrs. Chhaya Gaurang Shah acquired 10,00,000 equity shares in New Markets Avenue Limited through a preferential allotment on August 13, 2026. The acquisition brings her total holding to 9.77% of the company’s voting capital.

The transaction was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mrs. Shah is not part of the promoter or promoter group of the target company.

Transaction Details

The acquisition involved shares carrying voting rights. Before this transaction, Mrs. Shah held zero shares in the company. Following the allotment, her holding stands at 10,00,000 shares.

Capital Structure Impact

New Markets Avenue Limited’s equity share capital remained unchanged at 1,02,40,000 equity shares of ₹10/- face value before and after the acquisition. The company is listed on the Bombay Stock Exchange Limited.

The disclosure was filed with the Department of Corporate Services at the BSE on August 22, 2026.

Prakash Bhoorchand Shah acquired 18,00,000 shares, representing a 17.58% stake in New Markets Avenue Limited , through a preferential allotment on August 13, 2026. The transaction significantly alters the company’s shareholding structure.

The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shah, who is not part of the promoter group, moved from a zero holding to a substantial minority position in a single transaction.

Transaction Details

The deal involved the issuance of new equity shares rather than an open market purchase or inter-se transfer. The total equity share capital of the company remained unchanged at 1,02,40,000 equity shares of ₹10 each before and after the acquisition, indicating that the allotment likely involved fresh issuance or a specific corporate action structure that did not alter the total authorized capital count in this specific filing context, or the pre-acquisition capital figure cited reflects the base before this specific block.

Shah held no voting rights, warrants, or convertible securities in the target company prior to this transaction. Post-acquisition, his total holding stands at 18,00,000 shares carrying voting rights, with no encumbrances reported.

What the Numbers Show

The acquisition represents a concentrated entry into the company’s capital structure. By securing nearly one-fifth of the voting power through a preferential allotment, Shah has established a significant influence position without crossing the 25% threshold that typically triggers mandatory open offer obligations under SEBI regulations, assuming no other persons acting in concert (PAC) are involved. The absence of prior holdings suggests this is a new strategic investment rather than an accumulation of existing positions.