New Markets Avenue Limited has filed its quarterly compliance certificate with BSE Limited under SEBI's depositories regulations for the quarter ended 31st March, 2026. The submission fulfills the company's regulatory obligations under the Securities and Exchange Board of India framework.

Regulatory Compliance Submission

The company submitted its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on 06th April, 2026. Director Kishor Kanhiyalal Jain (DIN: 02385072) signed the compliance letter addressed to BSE Limited's listing compliance department.

Registrar Confirmation Certificate

Purva Sharegistry (India) Private Limited, the company's registrar and share transfer agent, issued the confirmation certificate. The registrar operates under SEBI registration number INR000001112 as a Category 1 registrar for IPOs and share transfer services.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, confirmed that all regulatory requirements under the depositories regulations were met during the quarter. The certificate validates that securities received from depository participants for dematerialization were properly processed within prescribed timelines.

Dematerialization Activity Report

The quarterly report shows no dematerialization activity during the period from 01st January, 2026 to 31st March, 2026:

Corporate Information

New Markets Avenue Limited, formerly known as New Markets Advisory Limited, operates under CIN L74120MH1982PLC028648. The company maintains its registered office at G2 & G3, Samarpan Complex, Next to Mirador Hotel, Chakala, Andheri East, Mumbai – 400 099.

The compliance submission demonstrates the company's adherence to SEBI's regulatory framework governing depositories and participants, ensuring proper maintenance of shareholder records and dematerialization processes.

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.