BSEInsider Trading / SAST25 Aug 2026 · 25 Aug 2026, 03:01 pm
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Spring Trade Mercantile Pvt Ltd
New Markets Avenue Ltd · 508867
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Spring Trade Mercantile Pvt Ltd has acquired 5,00,000 shares of New Markets Avenue Ltd, representing 4.88% of the company's total voting capital, through an open market transaction on August 13, 2026.
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Full Announcement
New Markets Avenue Ltd - 508867 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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Format for disclosures under Regulation 29(1) of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
New Markets Avenue Limited (Formerly Known
Name of the Target Company (TC)
as New Markets Advisory Limited)
Name(s) of the acquirer and Persons Acting in Concert
Spring Trade Mercantile Private Limited
(PAC) with the acquirer
Whether the acquirer belongs to Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the shares of TC are
Bombay Stock Exchange Limited
Listed
Number
% w.r.t. total % w.r.t. total
share/voting diluted
Details of the acquisition / disposal as follows capital share/voting
wherever capital of the
applicable(*) TC (**)
Before the acquisition/disposal under consideration, 0 0.00% 0.00%
holding of:
a) Shares carrying voting rights
b) Shares in the nature of encumbrance (pledge/ lien/
non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by shares
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the T C (specify holding in each
category)
0 0.00% 0.00%
e) Total (a+b+c+d)
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold 5,00,000 4.88% 4.88%
b) VRs acquired /sold otherwise than by shares
c) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) acquired/sold
d) Shares encumbered / invoked/released by the acquirer
e) Total (a+b+c+/-d) 5,00,000 4.88% 4.88%
After the acquisition/sale, holding of:
a) Shares carrying voting rights 5,00,000 4.88% 4.88%
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
5,00,000 4.88% 4.88%
e) Total (a+b+c+d)
Mode of acquisition / sale (e.g. open market / off-market /
Preferential Allotment
public issue / rights issue / preferential allotment / inter-se
transfer etc).
Date of acquisition / sale of shares / VR or date of receipt of
13-08-2026
intimation of allotment of shares, whichever is applicable
Equity share capital / total voting capital of the TC before the
1,02,40,000 equity shares of Rs. 10/-
said acquisition / sale
Equity share capital/ total voting capital of the TC after the said
1,02,40,000 equity shares of Rs. 10/-
acquisition / sale
Total diluted share/voting capital of the TC after the said
acquisition
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the
Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full
conversion of the outstanding convertible securities/warrants into equity shares of the TC.
FOR SPRING TRADE MERCANTILE PRIVATE LIMITED
DHRUMIL NAYNESH PARIKH
DIRECTOR
DIN: 09289402
Place: Mumbai
Date: 22-08-2026
SPRING TRADE MERCANTILE PRIVATE
LIMITED
CIN: U52599MH2007PTC167976
B/208, Shantivan-II Raheja Township, Malad (E) , MUMBAI, Maharashtra, India - 400097
The Manager,
Department of Corporate Services,
Bombay Stock Exchange Limited,
Dalal Street, Fort, Mumbai – 400001
Kind Attention: Mr. Rakesh Parekh
SDuebar.: SDiri,s closure under Regulation 29 (1) of SEBI Regulation, 2011 (Substantial
Acquisition of Shares and Takeover)
Ref.: Name- New Markets Avenue Limited (Formerly Known as New Markets Advisory
Limited) and Scrip Code- 508867
With reference to the subject matter, enclosed herewith please find the details of Shares
acquired of New Markets Avenue Limited (Formerly Known as New Markets Advisory
Limited) in term of Regulation 29(1) of SEBI (Substantial Acquisition of Shares and
Takeover) Regulation, 2011 on 13 August, 2026.
Kindly take the same on your records and acknowledge the receipt.
FOR SPRING TRADE MERCANTILE PRIVATE LIMITED
DHRUMIL NAYNESH PARIKH
DIRECTOR
DIN: 09289402
Date: 22/08/2 026
Place: Mumbai