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Newtime Infrastructure informs about non-applicability of large corporate entity

22 Apr 2023 Evaluate

With reference to the SEBI circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018 on fund raising by issuance of debt securities by large entities, issued by the Securities and Exchange Board of India (SEBI) regarding submission of confirmation in case the entity is identified as a Large Corporate. In this regard, Newtime Infrastructure has informed that the Company does not meet the criteria of being identified as a Large Corporate for the financial year 2022-2023 as enumerated in para no. 2.2 of the aforementioned circular and therefore, the said circular is not applicable to the Company, for the time being in force.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 3685.50
Kalpataru Projects 1357.40
NCC 130.10
Rail Vikas Nigam 197.00
KEC International 372.40
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