Outcome of the Board Meeting held on 30th May, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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Newtime Infrastructure's Board approved audited financial results for Q4 and FY ended March 31, 2025, alongside the appointment of Ritu Jain and Co. as Internal Auditor for FY 2024-25 and 2025-26. The company swung to a standalone net loss of Rs. 181.58 lakhs in FY25 versus a profit of Rs. 197.98 lakhs in FY24, while revenue from operations fell sharply from Rs. 755 lakhs to Rs. 336.25 lakhs. Consolidated numbers were also weak with a net loss of Rs. 308.12 lakhs (vs profit of Rs. 793.31 lakhs in FY24) and revenue dropping from Rs. 742 lakhs to Rs. 516 lakhs. The auditor flagged an emphasis of matter regarding provisional attachment of certain immovable properties and shares by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002, with the financial impact described as 'not ascertainable'. Trade payables, receivables and loans also remain unreconciled. The Secretarial Compliance Report highlighted 11 instances of delayed filings, a BSE fine of Rs. 1,08,560 for delayed Company Secretary intimation, and non-compliance with Secretarial Standards.
Shareholders should note the steep revenue decline, return to losses, and the serious regulatory overhang from the ED attachment under PMLA which could materially affect asset values. Persistent compliance failures and the company's suspension status on BSE raise additional governance concerns and may weigh on investor sentiment.