New Markets Avenue Q1 Net Loss of ₹25.49 Lakh

Quarter Ended 30th June 2026 (Unaudited):

Revenue from operations: ₹0.00 (compared to ₹11.75 lakh in Q1 FY2026)
Other income: ₹1.80 lakh (compared to ₹0.00 in Q1 FY2026)
Total revenue: ₹1.80 lakh (compared to ₹11.75 lakh in Q1 FY2026)
Employee benefits expense: ₹18.60 lakh (compared to ₹0.60 lakh in Q1 FY2026)
Other expenses: ₹8.66 lakh (compared to ₹3.30 lakh in Q1 FY2026)
Total expenses: ₹27.29 lakh (compared to ₹3.92 lakh in Q1 FY2026)
Loss before tax: ₹(25.49) lakh (compared to profit of ₹7.83 lakh in Q1 FY2026)
Loss after tax: ₹(25.49) lakh (compared to profit of ₹7.83 lakh in Q1 FY2026)
Basic and diluted EPS: ₹(0.52) (compared to ₹0.63 in Q1 FY2026)
Paid-up equity share capital: ₹494.00 lakh (unchanged from previous quarter)

Comparative Figures:

The company disclosed details of funds raised through preferential issue on 27th November 2025:

Amount raised: ₹5,02,50,000
Purpose: Working capital requirements/pre-operating expenses (₹8,85,00,000 allocated, but only ₹5,02,50,000 received as of 31st March 2026)
Funds utilized: ₹2,64,18,489 (including ₹30,66,589 for pre-operative expenses, ₹1,10,84,881 for working capital, ₹13,10,000 for MCA fees, and ₹1,09,57,039 for salary, RTA payment, software, CDSL & NSDL fees, BSE payment and other office expenses)
No deviation or variation in utilization of funds reported
No monitoring agency appointed
No shareholder approval required for changes
No comments from audit committee or auditors regarding deviation

Suvarna & Katdare Chartered Accountants (Firm Registration No. 125080W) issued an independent review report:

Conducted review in accordance with SRE 2410 issued by ICAI
Expressed unmodified opinion on the financial results
Confirmed preparation in accordance with Ind AS 34 and SEBI Listing Regulations
No material misstatements identified
Signed by Ravindra Raju Suvarna (Partner, Membership No.: 032007) on 11th August 2026

The company has a single business segment, making segment disclosure under Ind AS 108 not applicable
Previous quarter figures have been regrouped/reclassified where necessary for comparability
The board meeting commenced at 4:30 PM and concluded at 5:30 PM on 11th August 2026