Newtime Infra seeks 2026 nod for ₹86.76cr capital

Share price snapshot

Newtime Infrastructure Limited (Newtime Infra) was trading at ₹1.87 per share, up ₹0.01 (0.50%), as of 03 Aug, 2026 | 13:33. The update comes amid a series of capital structure actions centred on compulsorily convertible preference shares (CCPS) and an upcoming shareholder vote.

What the company is asking shareholders to approve

Newtime Infrastructure is seeking shareholder approval through a postal ballot to increase its authorised share capital from ₹63.20 crore to ₹86.76 crore. The proposal includes adding 2,35,60,000 new 10% Compulsory Convertible Preference Shares, stated to be worth ₹23.56 crore.

The postal ballot route indicates the company wants to complete the approval process without calling a physical meeting. The stated voting conclusion for the postal ballot is Sunday, February 22, 2026 at 5:00 PM.

Board action that triggered the capital restructuring

The company’s Board of Directors met on November 19, 2025 and approved the allotment of 2,35,50,530 10% CCPS on a preferential basis. This allotment was executed by varying 39,44,960 existing 10% Non-Convertible Non-Cumulative Redeemable Preference Shares (RNCPS).

The company stated that the allotment increased its issued and paid-up capital from ₹58.43 crore to ₹78.03 crore. It also mentioned an inflow of ₹23.55 crore from the CCPS issuance.

Who received the CCPS and how the conversion was structured

Two entities were identified as key allottees in the process: MGR Investment Private Limited and Atambhu Buildwell Private Limited. The company’s disclosures also provided a break-up linking RNCPS holdings to CCPS allotment.

This mapping is important because it shows the preferential allotment was connected to the variation of existing preference shares, rather than being presented as a standalone issuance.

CCPS terms: face value and amount disclosed

The disclosures contain multiple references to CCPS terms. One portion describes the allotment as 2,35,50,530 10% CCPS of ₹10 each, amounting to ₹23,55,05,300. Separately, another portion describing the BSE approval states the CCPS have a face value of ₹1.00 each, and will be issued at a price not less than ₹9.50 per share.

Because both descriptions appear in the provided information, readers should treat these as separate stated details from the disclosures. What is consistent across the announcements is the quantity of CCPS (2,35,50,530) and the instrument being 10% compulsorily convertible preference shares.

BSE in-principle approval for preferential issue

Newtime Infrastructure announced that BSE Limited granted ‘in-principle’ approval for the preferential issuance of 2,35,50,530 10% CCPS. The same disclosure states the CCPS will be issued at a minimum price of ₹9.50 per share.

The announcement also states the issuance could be up to ₹223.50 crore, and that the allottees are promoters. The “in-principle” clearance is a procedural step that enables the company to proceed with the preferential issue subject to applicable conditions.

Why the authorised capital increase matters

The authorised share capital increase to ₹86.76 crore is designed to create headroom for issuing additional securities. In this case, the company’s postal ballot note explicitly links the increase to the addition of 2,35,60,000 new 10% CCPS.

If approved, the expanded authorised capital can support the company’s stated preference share plans without breaching the authorised limit. For investors, the key point is that CCPS are compulsorily convertible, meaning they are intended to convert into equity shares at a later point, which can change the equity structure.

Company background in brief

Newtime Infrastructure Limited was established in 1984 and is described as a real estate company based in Haryana. The recent announcements focus on capital structure changes rather than operational updates.

Key facts at a glance

Market impact and what investors typically track

The announcements are centred on preferential issuance and capital authorisations, which are closely tracked because they can affect the company’s capital base and, in the case of CCPS, the future equity count. The company has disclosed both the paid-up capital change and the proposed authorised capital increase, giving investors reference points for how the balance sheet is being resized.

Investors also typically track the pricing reference in a preferential issue. Here, the minimum issue price is stated as ₹9.50 per CCPS in the BSE-related disclosure, along with an issue size stated as up to ₹223.50 crore.

Conclusion

Newtime Infrastructure’s recent filings show a multi-step capital restructuring: a preferential CCPS allotment approved on November 19, 2025, followed by a postal ballot proposal dated January 22, 2026 to expand authorised capital to ₹86.76 crore. The next confirmed milestone in the information provided is the postal ballot voting conclusion on February 22, 2026 at 5:00 PM.