Newtime Infrastructure Limited's Board of Directors convened on January 22, 2026, to approve a significant corporate restructuring initiative aimed at enhancing the company's financial flexibility and meeting future funding requirements.

Board Meeting Outcomes

The board meeting, held from 4:00 PM to 5:00 PM on January 22, 2026, resulted in several key approvals that will require shareholder consent through a postal ballot process.

Authorized Share Capital Restructuring

The proposed capital restructuring represents a substantial expansion of the company's authorized share capital framework. The current structure will be modified to accommodate new categories of preference shares.

Current Capital Structure

Proposed Capital Structure

The key addition involves 2,35,60,000 new 10% Compulsory Convertible Preference Shares of ₹10 each, contributing ₹23.56 crores to the expanded authorized capital base.

Postal Ballot Process Details

The company has structured a comprehensive e-voting process to facilitate shareholder participation in the capital increase decision.

Voting Timeline and Process

The postal ballot notice emphasizes that only electronic voting will be permitted, with no physical ballot forms being distributed. Shareholders whose email addresses are registered with the company, depositories, or registrar will receive the notice electronically.

Corporate Governance and Compliance

The resolution requires ordinary resolution approval from shareholders and involves consequential amendments to Clause 5 of the company's Memorandum of Association. The board's decision aligns with provisions under Sections 13, 61, and 64 of the Companies Act, 2013.

The Audit Committee previously evaluated the financial impact of the proposed capital increase and approved the changes in the company's interest. The board emphasized that the expanded authorized capital will provide greater financial flexibility for future capital structuring and securities issuance.

Scrutinizer and Administrative Details

AASK & Associates LLP, with LLPIN AAD-2934, will oversee the postal ballot process to ensure fair and transparent voting. The scrutinizer will submit a comprehensive report to the company's Chairman/Director upon completion of the voting scrutiny.

Shareholders can access detailed voting instructions and company information through the company's website at www.newtimeinfra.in , with additional support available through CDSL's helpdesk services for technical assistance during the e-voting process.

Newtime Infrastructure Limited announced key corporate governance developments following its Board of Directors meeting held on January 09, 2026. The company made strategic appointments and initiated shareholder approval processes in compliance with SEBI regulations.

CFO Appointment and Key Details

The Board of Directors approved the appointment of Ms. Deepti Sharma as Chief Financial Officer and Key Managerial Personnel, effective January 09, 2026. The appointment was made based on recommendations from the Nomination and Remuneration Committee.

Ms. Sharma brings extensive experience across finance and administration, relationship management, and proven ability to manage operations, handle client relations, lead teams, and streamline organizational processes.

Postal Ballot Notice for Director Regularization

The Board approved a postal ballot notice dated January 09, 2026, seeking shareholder approval for the regularization of Mr. Mahir Bhadani as Non-Executive Independent Director. Mr. Bhadani was initially appointed as Additional Director on November 14, 2025.

E-Voting Process and Timeline

The company has appointed M/s AASK & Associates LLP (LLPIN: AAD-2934) as the scrutinizer for conducting the postal ballot process in a fair and transparent manner. The e-voting facility will be provided through Central Depository Services (India) Limited (CDSL).

Regulatory Compliance and Documentation

The postal ballot notice has been issued pursuant to Section 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has received all statutory disclosures and declarations from Mr. Bhadani, including:

• Consent in writing to act as director in Form DIR-2
• Declaration of independence under Section 149(6) of the Companies Act, 2013
• Confirmation of compliance with SEBI regulations
• Registration with the Independent Directors data bank maintained by the Indian Institute of Corporate Affairs

The Board meeting commenced at 4:00 PM and concluded at 5:00 PM on January 09, 2026. Shareholders whose email addresses are registered with the company, depositories, or Registrar and Share Transfer Agent will receive the postal ballot notice electronically, as physical copies will not be distributed in compliance with MCA circulars.