Outcome of the Board Meeting held on 14th August, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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The Board of Newtime Infrastructure approved its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with the auditor's limited review report by M/s Chatterjee & Chatterjee. Standalone revenue from operations fell to Rs. 70 lakhs from Rs. 100 lakhs a year ago, with a loss after tax of Rs. 15.21 lakhs (vs Rs. 26.66 lakh loss last year). On a consolidated basis, revenue dropped sharply to Rs. 88.99 lakhs (from Rs. 145.92 lakhs), and the company posted a net loss of Rs. 61.20 lakhs. The auditor flagged several concerns including immovable properties of the group being provisionally attached by the Enforcement Directorate under PMLA (Order 09/2024 dated Sept 13, 2024), trade payables/receivables pending reconciliation, and a going-concern material uncertainty at subsidiary Aerthaa Luxury Homes Private Limited due to net worth erosion. The Board also noted the lapse of 1.36 crore warrants that were not converted into equity shares.
Negative for shareholders — the company continues to report losses, revenue has declined sharply (~39% on consolidated basis), reserves are deeply negative at Rs. (2,709.85) lakhs, and regulatory/legal overhangs from the ED attachment and going-concern flag at a subsidiary add to risk. The lapsed warrants reduce earlier dilution overhang but also reflect weak investor confidence in converting at exercise price.