This is to inform you that the Board of Directors of the Company in the Meeting held today, be and is hereby approved the resolutions passed under section 180(1)(a), section 180(1)(c), ....
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The board of Newtime Infrastructure, at its meeting on September 2, 2025, approved five resolutions, all of which need to be passed as special resolutions by shareholders at the upcoming Annual General Meeting. These include raising borrowing limits from banks, financial institutions, and foreign lenders under Section 180(1)(c), with no specified cap mentioned. The board also approved higher limits for investments, loans, and guarantees under Section 186, the ability to sell, lease, or dispose of the whole undertaking under Section 180(1)(a), and loans or guarantees to specified persons under Section 185. Additionally, related party transactions under Section 188 for FY 2025-26 were recommended by the Audit Committee and board. No specific transaction amounts, counterparty names, or fundraising details have been disclosed in this filing.
This is a routine procedural step to seek shareholder authorization for greater financial and operational flexibility, but it does not announce any specific deal, fundraising, or transaction. Shareholders should await the AGM voting outcome and watch for specific borrowing or related party deals that may follow.