New Markets Avenue Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing challenging operational performance with zero revenue and widening losses. The Board of Directors approved these results during their meeting held on February 13, 2026.

Financial Performance Overview

The company's Q3FY26 performance showed significant deterioration compared to the previous year. Key financial metrics demonstrate the operational challenges faced during the quarter.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, New Markets Avenue Limited reported revenue from operations of ₹19.25 lakhs compared to ₹3.95 lakhs in the corresponding period of the previous year, representing a growth of 387.3%. However, the company incurred a net loss of ₹19.17 lakhs for the nine-month period compared to ₹11.00 lakhs loss in the previous year.

Expense Breakdown

The company's expense structure for Q3FY26 revealed significant increases across categories:

Employee benefits expense increased substantially to ₹8.90 lakhs from ₹0.55 lakhs in the previous year quarter, while other expenses rose to ₹19.44 lakhs from ₹9.55 lakhs.

Fund Raising Activities

The company successfully completed a preferential issue of convertible equity warrants during the period. New Markets Avenue Limited issued 90,00,000 convertible equity warrants of face value ₹10 each at an issue price of ₹10 per warrant, aggregating up to ₹9 crores.

The company received 25% of the warrant subscription amount totaling ₹2,25,00,000 at the time of allotment on October 29, 2025. Subsequently, 37,00,000 warrants were converted to equity shares on November 27, 2025, with the company receiving an additional ₹2,77,50,000.

Fund Utilization

According to the deviation statement filed under Regulation 32, the company utilized ₹1,14,71,054 from the raised funds for various purposes including working capital requirements, pre-operative expenses, regulatory fees, and operational expenses. The funds were allocated toward working capital requirements and growth objectives, with no deviation reported in fund utilization.

Corporate Governance

The financial results were reviewed by the audit committee and approved by the Board of Directors. The statutory auditors, Suvarna & Katdare Chartered Accountants, conducted a limited review and expressed an unmodified opinion on the financial results. The company maintains a paid-up equity share capital of ₹124 lakhs with shares having a face value of ₹10 each.

New Markets Advisory , a company listed on the Bombay Stock Exchange, has witnessed a significant change in its shareholding structure. On November 27, 2025, Mrs. Susheeladevi Hariprasad Gupta and Mr. Hariprasad Sukhari Gupta acquired a substantial stake in the company through preferential allotment.

Key Details of the Acquisition

Impact on Company's Capital Structure

The acquisition has not altered the company's total equity capital, which remains at 1,49,40,000 shares with a face value of Rs. 10 each. This indicates that the preferential allotment was likely made from the existing authorized share capital of the company.

Regulatory Implications

The disclosure of this acquisition under the Securities and Exchange Board of India (SEBI) regulations for substantial shareholding underscores the importance of transparency in significant ownership changes in listed companies. Such disclosures are crucial for maintaining market integrity and keeping all stakeholders informed about major shifts in company ownership.

Conclusion

This substantial acquisition by the Gupta family represents a significant change in New Markets Advisory's shareholding structure. Stakeholders may want to monitor any potential impacts on the company's operations or strategic direction following this notable stake purchase.