Newtime Infrastructure Limited announced significant corporate developments following its Board of Directors meeting held on January 09, 2026. The infrastructure company made key appointments and initiated a postal ballot process for shareholder approval on director regularization.

CFO Appointment and Key Details

The Board appointed Ms. Deepti Sharma as Chief Financial Officer and Key Managerial Personnel, effective from 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 regularizing the appointment 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 implemented a comprehensive e-voting system for the postal ballot process, with specific timelines and procedures established for shareholder participation.

Key Dates and Process Details

The postal ballot notice will be sent electronically to shareholders whose email addresses are registered with the company, depositories, or Registrar and Share Transfer Agent. The company has engaged Central Depository Services (India) Limited (CDSL) for facilitating the e-voting process.

Corporate Governance and Compliance

The developments align with regulatory requirements under SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015. The Board meeting commenced at 4:00 PM and concluded at 5:00 PM on January 09, 2026.

Shareholders eligible for voting are those whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of January 02, 2026. The company has made provisions for both individual and non-individual shareholders to participate in the e-voting process through multiple login methods via CDSL and NSDL platforms.

The regularization of Mr. Bhadani's appointment requires approval through special resolution, as he meets the independence criteria under Section 149(6) of the Companies Act, 2013, and relevant SEBI regulations. The appointment is for a five-year term, during which he will not be liable to retire by rotation.

Newtime Infrastructure Limited , a company listed on the BSE, has made a significant move to strengthen its capital structure. The company's board has approved the allotment of 2,35,50,530 compulsory convertible preference shares (CCPS), each with a face value of Rs. 10, on a preferential basis. This decision comes as part of a strategic variation of existing non-convertible preference shares.

Key Details of the Allotment

The allotment process involved two key players:

This allotment was made by converting 39,44,960 10% Non-Convertible Non-Cumulative Redeemable Preference Shares (RNCPS) into CCPS.

Impact on Capital Structure

The allotment has resulted in a substantial increase in Newtime Infrastructure's issued and paid-up capital:

• Previous capital: Rs. 58.43 crore
• New capital: Rs. 78.03 crore

Breakdown of New Capital Structure

The company's updated capital structure now comprises:

1. 52,48,38,000 equity shares of Re. 1 each, totaling Rs. 52,48,38,000
2. 20,00,000 1% Non-Convertible Redeemable Preference Shares of Rs. 10 each, amounting to Rs. 20,00,00,000
3. 40 10% Non-Convertible Redeemable Preference Shares of Rs. 10 each, totaling Rs. 400
4. 2,35,50,530 10% Compulsory Convertible Preference Shares of Rs. 10 each, amounting to Rs. 23,55,05,300

This corporate action demonstrates Newtime Infrastructure's efforts to optimize its capital structure. Investors and market watchers may want to keep an eye on how this capital restructuring impacts the company's financial strategies and performance.