Newtime Infrastructure Reports Wider Losses in Q1, 1.36 Crore Warrants Lapse
Newtime Infrastructure Limited reported a net loss of Rs 61.20 lakhs for Q1 on a consolidated basis, with revenue from operations falling 39.01% to Rs 88.99 lakhs. The real estate segment revenue decreased to Rs 70 lakhs from Rs 100 lakhs, while hospitality segment revenue dropped to Rs 18.99 lakhs from Rs 45.92 lakhs. The company noted the lapse of 1,36,00,000 warrants and proposed restructuring of preference shares. Auditors highlighted provisional attachment of properties by the Directorate of Enforcement and concerns about a subsidiary's ability to continue as a going concern.
08Aug 25
Newtime Infrastructure Reports Expiration of 1.36 Crore Warrants, Converts 46 Lakh into Equity Shares
Newtime Infrastructure Limited announced changes in its warrant structure for non-promoter holdings. Out of 2.06 crore warrants issued, 1.36 crore expired due to non-exercise within 18 months. The company converted 46 lakh warrants into equity shares. The 25% upfront payment for expired warrants was forfeited as per SEBI regulations. The announcement was made in compliance with SEBI's Listing Obligations and Disclosure Requirements.