For the Financial Year 2024 25 New Markets Advisory Limited (CIN: L74120MH1982PLC028648)
(a) 1. Industry Structure and Developments
The Indian financial a dvisory and investment landscape has witnessed considerable transformation with the introduction of progressive regulatory norms by SEBI, enhancement in market transparency, and increasing participation of retail investors. The sector is now more reliant on digital platforms and data-driven advisory solutions. New Markets Advisory Limited, with its presence in advisory and investment activities, seeks to leverage opportunities from evolving regulatory norms and capital market expansion, while navigating headwinds from market volatility and competition.
(b) 2. Opportunities and Threats Opportunities:
Strong retail investor participation in capital markets.
Digitization of financial services and online advisory platforms.
Amendments to object clause enabling diversification into trading and manufacturing.
Strategic capital expansion through proposed preferential allotment of equity warrants.
Threats:
Unpredictable macroeconomic events and financial market volatility.
Regulatory changes affecting operations and compliance costs.
Increased competition from large financial service firms and fintech startups.
Cybersecurity and data privacy concerns in an increasingly digital environment.
(c) 3. Segment-wise or Product-wise Performance
The Company is primarily engaged in financial advisory and investment activities and operates in a single business segment. In FY 2024 25, it resumed operations and reported revenue from advisory and securities trading. No separate segment reporting is applicable as per Ind AS 108.
(d) 4. Financial and Operational Performance
(i) Standalone Financial Highlights ( in Lakhs):
Particulars |
FY 2024 25 | FY 2023 24 |
Revenue from Operations |
20.90 | 1.15 |
Other Income |
0.00 | 1.83 |
Total Income |
20.90 | 2.98 |
Total Expenses |
19.26 | 15.82 |
Profit / (Loss) Before Tax |
1.64 | (12.84) |
Net Profit / (Loss) After Tax |
1.64 | (12.84) |
Earnings Per Share ( ) |
0.13 | (1.04) |
Despite modest revenue, the Company has returned to profitability, supported by improved cost efficiency and resumed operations.
(ii) Key Financial Ratios:
Ratio |
F.Y. 2024 25 | F.Y. 2023 24 |
Net Profit Margin (%) |
7.85% | (430.20%) |
Current Ratio |
128.14 | 25.58 |
Debt to Equity Ratio |
0.21 | 0.02 |
(e) 5. Outlook
The Company has proposed a comprehensive strategic shift through:
Change of name to “New Markets Avenue Limited”;
Revised object clause to include trading and manufacturing;
Increase in authorized share capital to 15 crores;
Preferential allotment of 90,00,000 equity warrants to non-promoter entities.
These developments position the Company to enter new sectors and attract capital. Management believes the changes will unlock shareholder value and improve financial results over the next few years.
(f) 6. Risks and Concerns
The Company faces the following risks:
Market Risk from fluctuations in capital markets.
Regulatory Risk due to compliance with SEBI, Companies Act, and taxation laws.
Operational Risk including business scalability and execution.
Reputational Risk from corporate governance failures.
The Company has adopted internal policies to manage and mitigate these risks.
(g) 7. Internal Control Systems and Adequacy
The Company has a well-established internal control framework covering financial, operational, and compliance controls. The Audit Committee periodically reviews audit findings and monitors the effectiveness of internal controls. No material weakness was observed during the year.
(h) 8. Human Resource Development / Industrial Relations
The Company has witnessed several key leadership changes, including appointment of Mr. Kishore Kanhiyalal Jain as Whole-Time Director and CFO, and new appointments to the Board. The Company is focused on building a professional and experienced team aligned with its new business vision. Employee relations remained cordial.
(i) 9. Details of Significant Changes in Key Ratios
There has been a significant improvement in net margin, current ratio, and debt-equity ratio. This change reflects resumption of operations, better working capital management, and financial restructuring.
(j) 10. Material Developments in Subsidiaries, Joint Ventures and Associates
The Company does not have any subsidiary, joint venture, or associate company during the financial year under review.
(k) 11. Cautionary Statement
This report contains forward-looking statements based on certain assumptions and expectations of future events. Actual results may differ materially due to various economic, regulatory, and other factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements on the basis of any subsequent developments, information or events.
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