Outcome for the Board Meeting held on 02nd September, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
The board of Newtime Infrastructure Limited met on 2 September 2025 (3:00 PM to 5:00 PM) and approved several items ahead of the 41st Annual General Meeting (AGM) scheduled for 30 September 2025 at 2:00 PM. Key approvals include the draft AGM notice, the Board Report, Corporate Governance Report, and Management Discussion and Analysis for FY ending 31 March 2025. The board approved the re-appointment of Ms. Sehar Shamin (DIN: 09503621) as a Non-Executive Director, who retires by rotation, subject to shareholder approval. Several enabling resolutions were passed for shareholder approval at the AGM, covering expanded borrowing limits (Section 180(1)(c)), investment/loan/guarantee limits (Section 186), limits to sell or dispose of undertaking (Section 180(1)(a)), loans to specified persons (Section 185), and related party transactions (Section 188) for FY 2025-26. The Secretarial Audit Report (MR-3) from M/s S Khurana & Associates was approved. The cut-off date for e-voting eligibility is 23 September 2025, with remote e-voting open from 27 September (9 AM) to 29 September (5 PM) via CDSL.
This is largely procedural and preparatory for the upcoming AGM with no new material business announcements. The shareholder approvals being sought (borrowing, related party transactions, asset disposal) are standard enabling resolutions that give management flexibility. No immediate impact on the stock is expected from this filing.