Please find enclosed the disclosure w.r.t. the Amendment to the Memorandum to the Association.
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Newtime Infrastructure Ltd has informed BSE that its shareholders approved an amendment to the company's Memorandum of Association through a postal ballot. The amendment specifically changes the capital clause (Clause 5) of the MOA. The new Authorized Share Capital is set at ₹86,76,00,000 (about ₹86.76 crore), divided into 57.20 crore Equity Shares of ₹1 each, 20 lakh 1% Non-Convertible Redeemable Preference Shares of ₹10 each, 40 lakh 10% Non-Convertible Redeemable Preference Shares of ₹10 each, and 2.356 crore 10% Compulsory Convertible Preference Shares of ₹10 each. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This amendment restructures the company's authorized capital structure but does not by itself issue new shares. It typically precedes future fundraising, issuance of preference shares, or corporate restructuring, so shareholders should watch for follow-up announcements on any actual equity or preference share issuance.