Newtime Infrastructure Board Approves Independent Director Regularization and Announces E-Voting for Shareholders
Newtime Infrastructure Ltd., during its Board of Directors meeting held on July 6, 2026, approved several key matters including the regularization of a new independent director's appointment and appointed S Khurana & Associates to oversee the e-voting process. The company subsequently announced that members can participate in the associated postal ballot through an electronic voting facility facilitated by NSDL.The Board meeting reviewed and approved the matter regarding Mr. Sri Kant (DIN: 06951400), who was previously appointed as an Additional Director. The proposal seeks shareholder approval to regularize his appointment as a Non-Executive Independent Director of the company for a period of five years, commencing from May 9, 2026.
As per the Annexure provided by the Board, Mr. Sri Kant possesses experience in finance and general management and is a graduate of B.Com. The directors recommended the resolution for approval via a Special Resolution by the members, noting that he meets the criteria for independence as stipulated under relevant regulations.
Scrutinizer Appointment and E-Voting Details
In addition to approving the independent director regularization, the Board appointed S Khurana & Associates to serve as the Scrutinizer responsible for conducting the postal ballot and e-voting process in a fair and transparent manner.The company has utilized National Securities Depository Services (India) Limited (NSDL) to facilitate the remote e-voting process for members. The voting period is scheduled to begin on Wednesday, July 8, 2026, at 9:00 A.M. IST, and concludes on Thursday, August 6, 2026, at 5:00 P.M. IST.
The key dates and processes related to the shareholder voting are detailed below:
| Event | Date / Timeline | Key Details |
|---|---|---|
| Board Meeting | July 6, 2026 | Approved the matters, including appointment of Scrutinizer. |
| Appointment Commencement | May 9, 2026 | Initial date of Mr. Sri Kant's tenure as Additional Director. |
| E-voting Start Date | July 8, 2026 (9:00 A.M. IST) | Beginning of the online voting period. |
| E-voting End Date | August 6, 2026 (5:00 P.M. IST) | End of the remote e-voting window. |
| Cut-off Date for Voting Eligibility | July 3, 2026 | Date used to determine eligibility in line with voting rights proportional to paid-up Equity Share Capital. |
Appointment Details and Process
Mr. Sri Kant has been designated as an Independent Director of the company since he was appointed by the Board on May 9, 2026. The appointment is for a period of five years and subjects him to no requirement of retirement by rotation. His profile indicates expertise in finance and general management.The process for participating in the remote e-voting involves specific guidelines:
- Voting Eligibility: Shareholders must be recorded in the Register of Members or the Register of Beneficial Owners as of July 3, 2026.
- E-voting Mechanism: The voting is conducted through NSDL and members can participate via their demat accounts with NSDL or CDSL, or by accessing the system using other specified methods.
- Results Timeline: The result of the Postal Ballot is scheduled to be announced not later than 7 days from the conclusion of the E-voting.
The company provided detailed instructions for both individual and non-individual shareholders regarding login methods and technical assistance through NSDL and CDSL helpdesks.
Stock Price Movement
As of the market close today, shares of Newtime Infrastructure Ltd finished the day higher, settling at ₹2.09 after a gain of 0.97%. During the trading session, the stock managed to trade within an intraday range, moving between a low of ₹2.04 and a high of ₹2.19.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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