Notice of Postal Ballot approved in the Board Meeting held today i.e, 22nd January, 2026.
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Newtime Infrastructure Limited has issued a Postal Ballot Notice dated 22 January 2026 seeking shareholder approval to increase its Authorised Share Capital from Rs. 63.20 crore to Rs. 86.76 crore, a rise of Rs. 23.56 crore. The increase will be created through 2,35,60,000 new 10% Compulsory Convertible Preference Shares (CCPS) of Rs. 10 each; existing equity and preference share buckets remain unchanged. The company says the move is to support future funding requirements, capital structuring, issuance of securities, and overall financial flexibility. Voting is via remote e-voting through CDSL, with the window open from 9:00 AM on 24 January 2026 to 5:00 PM on 22 February 2026, and results to be announced within 7 days of voting closing. The resolution is proposed as an Ordinary Resolution and would also require amending Clause 5 of the Memorandum of Association.
This is only an authorisation step and does not issue new shares right away, so there is no immediate dilution. However, the creation of CCPS headroom suggests the company is preparing for a future fundraising or capital restructuring, which could lead to dilution for existing shareholders if and when these preference shares are issued and converted into equity. Investors should watch for a follow-up announcement detailing any actual issue terms.