ALPHA TRIBE

Newtime Infrastructure LtdBoard Meeting, 14-08-2025: Board Meeting

14-08-2025 | 05:15 pm

Newtime Infrastructure's board has approved the standalone and consolidated financial results for the quarter ended June 30. The company reported a consolidated loss of 0.61 Cr on revenues of 0.89 Cr. Additionally, 1.36 Cr warrants lapsed due to non-exercise of their conversion option. The company also disclosed a provisional attachment order by the Directorate of Enforcement on certain properties and investments, which management states does not impact business operations. A capital restructuring is proposed to convert preference shares into 2.35 Cr equity shares at ₹9.50 each, pending regulatory approvals.

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