Newtime Infrastructure Limited has successfully completed the amendment to its Memorandum of Association (MOA) following overwhelming shareholder approval through postal ballot. The company formally intimated BSE Limited about the completion of the amendment process under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process and Results

The postal ballot was conducted from January 24, 2026 at 9.00 a.m. IST to February 22, 2026 at 5.00 p.m. IST, following the notice dated January 22, 2026. The company engaged Central Depository Services (India) Limited (CDSL) as the authorized agency to provide the remote e-voting facility.

The resolution received near-unanimous support from shareholders, with 99.9999% approval for the increase in authorised share capital and consequential amendment to the Memorandum of Association.

Amendment Details and New Capital Structure

Following the postal ballot approval, the company has formally amended Clause 5 of its Memorandum of Association to reflect the new capital structure. The amendment modifies the capital clause to establish a comprehensive share capital framework.

The new authorised share capital of ₹86.76 crore comprises multiple share classes, including equity shares and various categories of preference shares with different conversion and redemption features.

Regulatory Compliance and Documentation

The postal ballot process adhered to provisions of the Companies Act, 2013, SEBI regulations, and various MCA Circulars. CS Sachin Khurana, Designated Partner of AASK & Associates LLP, served as the scrutinizer and confirmed full compliance with regulatory requirements.

Company Secretary Ms. Jyoti Verma formally communicated the amendment completion to BSE Limited, providing the required disclosures under SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. The successful completion enables the company to proceed with its strategic capital initiatives under the amended MOA framework.

Newtime infrastructure Limited has announced the resignation of Independent Director Mr. Manoj Kumar, marking a significant change in the company's board composition. The resignation comes as part of regulatory compliance under SEBI listing obligations and reflects ongoing corporate governance practices.

Resignation Details and Timeline

Mr. Manoj Kumar (DIN: 08332775) submitted his resignation letter dated February 13, 2026, stepping down from his position as Independent Director effective from the close of business hours on February 13, 2026. The resignation was communicated to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Acknowledgment and Compliance

The Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by Mr. Manoj Kumar during his association with the company as an Independent Director. Company Secretary and Compliance Officer Ms. Jyoti Verma signed the regulatory filing, ensuring proper documentation of the directorship change.

The company has fulfilled all regulatory requirements by providing detailed information as mandated under SEBI regulations, including the resignation letter and confirmation that no material reasons exist beyond those stated.

Other Directorships and Confirmations

Mr. Manoj Kumar currently holds directorship in Adhbhut Infrastructure Limited as an Independent Director. In his resignation letter, he confirmed that there are no other material reasons for his resignation beyond pre-occupation elsewhere. He has requested the company to file necessary forms with the Registrar of Companies, Chandigarh, to formalize the resignation.

Corporate Governance Impact

The resignation follows proper corporate governance protocols, with the company ensuring transparent communication to stakeholders through BSE filing. Mr. Manoj Kumar expressed gratitude to the Board and management for their cooperation and support during his tenure, maintaining professional relationships despite his departure.