OUTCOMES OF THE BOARD MEETING, HELD ON 30.05.2026, FOR THE APPROVAL OF THE AUDITED FINANCIALS (STANDALONE & CONSOLIDATED). FOR THE 4TH QUARTER AND FINANCIAL YEARS ENDED, 31,MARCH,2026 AND OTHERS.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Newtime Infrastructure Limited reported significant financial deterioration for FY 2025-26. Standalone revenue declined 28% to Rs 280 lakh from Rs 390 lakh, while consolidated revenue fell 28% to Rs 372.74 lakh from Rs 516.47 lakh. The company posted a standalone net loss of Rs 467.37 lakh versus Rs 181.58 lakh loss in the previous year, and a consolidated net loss of Rs 541.80 lakh versus Rs 308.12 lakh - more than doubling losses. The auditors flagged a material uncertainty regarding going concern for one subsidiary (Aerthaa Luxury Homes) which has accumulated losses of Rs 180.35 lakh with eroded net worth. Additionally, enforcement authorities issued a provisional attachment order on certain properties and investments under PMLA provisions. The board appointed new internal and secretarial auditors for FY 2026-27.
The company is in significant financial stress with losses more than doubling. The auditors' going concern flag for a subsidiary and the ongoing Enforcement Directorate probe create substantial uncertainty. Shareholders should monitor the company's turnaround plan and any regulatory developments closely.