Newtime Infrastructure Ltd — Important, 19-11-2025: Company Update
19-11-2025 | 03:52 pm
19-11-2025 | 03:52 pm
Newtime Infrastructure's board approved allotting 2.35 crore new Compulsorily Convertible Preference Shares (CCPS) of Rs. 10 each. This allotment follows the variation of 39.45 lakh Non-Convertible Redeemable Preference Shares (RNCPS) of Rs. 10 each. This increases the company's issued and paid-up capital from 58.43 Cr to 78.03 Cr. The shift from non-convertible to convertible preference shares means these CCPS can potentially convert to equity in the future, impacting the shareholding structure.
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