Shareholders of Newtime Infrastructure Ltd Approve Capital Clause Amendment in MOA via Postal Ballot

Newtime Infrastructure Ltd announced that shareholders have approved an amendment to the Memorandum of Association (MOA) through postal ballot. The amendment focuses on modifying the capital clause, specifically Clause 5 of the MOA. The new capital structure includes 57,20,00,000 Equity Shares, 20,00,000 1% Non-Convertible Non-Cumulative Redeemable Preference Shares, 40,00,000 10% Non-Convertible Non-Cumulative Redeemable Preference Shares, and 2,35,60,000 10% Compulsory Convertible Preference Shares. This decision aligns with the company's growth strategy and is in compliance with the Securities and Exchange of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023.