New Markets Avenue Board Approves 53 Lakh Warrant Conversion

NEW MARKETS AVENUE LIMITED | CIN: L74120MH1982PLC028648

Scrip Id: NEWMKTAVE

Nature of Disclosure: Intimation of Board Meeting pursuant to Regulation 29(1)(a) and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details:

• Date: Saturday, 04 July 2026
• Location: G2 & G3 Samarpan Complex, Next To Mirador Hotel, Opp. Satam Wadi, Chakala Andheri East, Mumbai-400099

Agenda Items:

1. Conversion of Convertible Warrants:

• Conversion of 53,00,000 convertible warrants into Equity Shares of face value of ₹10 each at par on preferential basis to non-promoters
• Based on special resolution passed by shareholders in Extraordinary General Meeting held on July 31, 2025
• Supported by "In Principal Approval" dated October 20, 2025 received from BSE

Allottee Details:

| No | Name of Allottees | Category | No. of warrants Held | No. of warrants applied for conversion allotted | No. of Equity Shares |

| 1. | Mrs. Chhaya Gaurang Shah | Non-Promoter Public | 10,00,000 | 10,00,000 | 10,00,000 |

| 2. | M/s. Mamta Securities Private Limited | Non-Promoter Public | 10,00,000 | 10,00,000 | 10,00,000 |

| 3. | M/s. Spring Trade Mercantile Private Limited | Non-Promoter Public | 5,00,000 | 5,00,000 | 5,00,000 |

| 4. | M/s. Plutus Capital Management LLP | Public Non-Promoter | 10,00,000 | 10,00,000 | 10,00,000 |

| TOTAL | | | 53,00,000 | 53,00,000 | 53,00,000 |

2. Appointment of Secretarial Auditor:

• Consideration of M/s. Ramesh Chandra Bagdi & Associates, Practicing Company Secretaries
• Firm Registration No.: S2021MP835800

3. Other Matters: Any other matters with the permission of chair

Regulatory Compliance: Disclosure made to BSE Limited Compliance Department as required under SEBI Listing Regulations.

Company Contact Information:

• Mobile: 9699076667