Newtime Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2013, has constituted a Committee of Independent Directors pursuant to 26(6) of SEBI (Substantial Acquisition of Shares and Takeover ) Regulations, 2011 with respect to the Open Offer to the shareholders of Newtime Infrastructure Limited by M/s. Futurevision Consultants Pvt. Ltd and Faith Advisory Services Pvt. Ltd.