Newtime Infrastructure Allots 2.35 Cr Equity Shares on CCPS Conversion

Newtime Infrastructure Ltd has allotted 2,35,50,530 equity shares of face value ₹1 each upon the conversion of an equal number of 10% Compulsory Convertible Preference Shares (CCPS). This conversion follows the in-principle approval from BSE Limited and shareholder approval at the EGM held on February 27, 2025. The newly allotted equity shares will rank pari-passu with existing equity shares. The details of the allottees, including promoters MGR AADCMO0300M Investment Private Limited and Atambhu Buildwell Private Limited, are provided in the filing. The allotment complies with relevant sections of the Companies Act, 2013, and SEBI regulations.