Clarification7 Jul 2026, 02:27 pm
New Markets Avenue Ltd Corrects Financial Year in Board Meeting Outcome
AI Summary
New Markets Avenue Ltd has issued a revised outcome of its Board Meeting held on July 4th, 2026, to correct a clerical error. The financial year for the Secretarial Audit by M/s. Ramesh Chandra Bagdi & Associates was mistakenly stated as 2026-27 instead of the correct 2025-26. The board meeting also approved the conversion of 53,00,000 warrants into equity shares on a preferential allotment basis to five non-promoter public allottees. The company received in-principle approval from BSE Limited for this conversion on October 20th, 2025.
Key Highlights
- Board meeting outcome revised due to clerical error in financial year.
- Secretarial Audit financial year corrected from 2026-27 to 2025-26.
- 53,00,000 warrants converted into equity shares.
- Conversion approved on preferential allotment basis to non-promoter public.
- BSE in-principle approval received on October 20th, 2025.
Price Impact
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