Newtime Infrastructure shareholders have approved the regularization of Mr. Sri Kant (DIN: 06951400) as a non-executive independent director on its Board. The company announced the results of its postal ballot on August 8, 2026, revealing that the special resolution passed with near-unanimous support from investors. This approval regularizes the appointment, ensuring compliance with corporate governance norms regarding independent director tenure and eligibility. Mr. Sri Kant was initially appointed as an Additional Director on May 9, 2026, for a first term of five consecutive years, subject to this shareholder ratification.

The voting process was conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting commenced on July 8, 2026, at 9:00 a.m. IST and concluded on August 6, 2026, at 5:00 p.m. IST. The cut-off date for determining voting rights was July 3, 2026, with a total of 16,801 members registered on that date. The scrutinizer for the process was M/s S Khurana & Associates, Practicing Company Secretaries.

Voting Results

The resolution to regularize the appointment of Mr. Sri Kant was supported by the vast majority of participating shareholders. The detailed voting breakdown is presented below:

No invalid votes were recorded during the process. The high level of support indicates strong investor confidence in the Board’s composition and governance structure.

Director Profile and Other Directorships

Mr. Sri Kant, aged 40 years, is a B.Com Graduate and possesses experience in finance and general management. He is also a member of the Institute of Companies Secretaries of India. In addition to his role at Newtime Infrastructure Limited, he holds independent director positions at Purple Wave Infocom Limited, Rollatainers Limited, Alliance Intergrated Metalliks Limited, and Adhbhut Infrastructure Limited. There are no disclosed relationships between Mr. Sri Kant and the company other than his directorship.

Process Compliance

Sachin Khurana, Designated Partner of S. Khurana & Associates, served as the scrutinizer for the remote e-voting facility provided by National Securities Depository Limited (NSDL). The scrutinizer’s report confirmed that the e-voting process was conducted fairly and transparently. The notice of the postal ballot was dispatched electronically on July 6, 2026, to members with registered email addresses, adhering to Ministry of Corporate Affairs circulars. Physical ballots were not dispatched.

An advertisement regarding the dispatch of the postal ballot notice was published in 'Financial Express' and 'Jansatta' on July 8, 2026. The voting facility was blocked by NSDL immediately after the conclusion of the voting period on August 6, 2026, and unblocked shortly thereafter for scrutiny purposes. The results were countersigned by Ajay Kumar Thakur, Managing Director of Newtime Infrastructure Limited.

What This Means

The regularization of an independent director is a standard governance procedure required when a director’s tenure or appointment status needs formal ratification by shareholders. The overwhelming support for Mr. Sri Kant’s appointment suggests that the Board has maintained strong alignment with shareholder interests. Independent directors play a crucial role in overseeing management decisions and protecting minority shareholder rights, making their continued service vital for robust corporate governance.

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