On receipt of in-principle approval, the Company has allotted the CCPS, the details of which are attached to the PDF.
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Newtime Infrastructure's board, at its meeting on 19 November 2025, approved the allotment of 2,35,50,530 10% Compulsorily Convertible Preference Shares (CCPS) of Rs. 10 each, aggregating Rs. 23.55 crore. These CCPS were issued on a preferential basis pursuant to the variation of 39,44,960 existing 10% Non-Convertible Non-Cumulative Redeemable Preference Shares (RNCPS). The CCPS were allotted to two entities: MGR Investment Private Limited (18,84,061 CCPS) and Atambhu Buildwell Private Limited (2,16,66,469 CCPS). As a result, the company's issued and paid-up capital increased from Rs. 58.43 crore to Rs. 78.03 crore. The equity share count remains unchanged at 52,48,38,000 shares of Re. 1 each.
The capital base expands by roughly Rs. 23.55 crore through preference shares rather than fresh equity dilution, though future conversion of CCPS could increase the equity share count. Existing shareholders should monitor conversion terms, as the 10% coupon makes this costlier than typical debt and may pressure future earnings if profitability remains weak.