Newtime Infrastructure Limited has sent the postal ballot notice to its members to seek consent for the regularization of Mr. Sri Kant as a Non-Executive Independent Director. The company dispatched the notice electronically on July 7, 2026, following the Board of Directors' approval on July 6, 2026. The resolution seeks to ratify the appointment of Mr. Sri Kant, who was originally designated as an Additional Director on May 9, 2026, subject to shareholder approval.

The regularization is proposed for a term of five years commencing from May 9, 2026. Mr. Sri Kant meets the criteria for independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has received all necessary statutory disclosures, including consent in Form DIR-2 and a declaration confirming his eligibility and independence.

The company has engaged National Securities Depository Services (India) Limited (NSDL) to facilitate the remote e-voting facility. The voting period is scheduled to commence at 9:00 a.m. on July 8, 2026, and conclude at 5:00 p.m. on August 6, 2026. Shareholders whose names appear in the Register of Members or Beneficial Owners as of the cut-off date of July 3, 2026, are eligible to participate. Physical copies of the postal ballot notice will not be dispatched; members must cast their votes electronically.

Details of Proposed Appointment

Newtime Infrastructure reported a consolidated net loss of ₹393.16 lakh for the quarter ended March 31, 2026 (Q4FY26), compared to a net profit of ₹22.51 lakh in the same period last year. Revenue from operations for the quarter stood at ₹89.38 lakh, while total income was ₹89.38 lakh. For the fiscal year ended March 31, 2026 (FY26), the company reported a consolidated net loss of ₹467.37 lakh on a total income of ₹355.14 lakh. The standalone net loss for Q4FY26 was ₹361.59 lakh, with total income at ₹123.11 lakh.

Financial Performance

The company's financial results were reviewed by the Audit Committee on May 30, 2026, and approved by the Board of Directors the same day. The statutory auditors conducted a limited review of the consolidated and standalone financial results for the quarter and year ended March 31, 2026, in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Segment Reporting

The company operates in two reportable segments: Real Estate and Hospitality. The Real Estate segment reported revenue of ₹70.00 lakh for Q4FY26, while the Hospitality segment contributed ₹25.06 lakh. For the full year FY26, Real Estate revenue was ₹280.00 lakh and Hospitality revenue was ₹92.74 lakh.

Regulatory Disclosures

The company disclosed that an attachment order was passed by the Enforcement Directorate against the company and its promoter company regarding the attachment of properties. However, the company stated that this order does not impact its business operations. Additionally, the Board had proposed alterations to the terms of the company's preference shares, for which in-principle approval was received from the stock exchanges. The company also issued 10% Compulsorily Convertible Preference Shares (CCPS) on February 27, 2026.