Neueon Towers Limited — Others, 09-12-2024: Shareholders meeting

Neueon Towers Limited has announced a board meeting on December 31, 2024, for its 17th Annual General Meeting (AGM) via video conferencing. Key agenda items include the approval of audited financial results for the fiscal year ending March 31, 2024, the reappointment of statutory auditors for the next five years, and the appointment of Sudheer Rayachoti as Chairman & Managing Director for three years starting November 6, 2024, at a maximum remuneration of ₹50 lakh per annum. Additionally, the board seeks to appoint Pasumarthi Vijayendra Santharam Seranyan as a Wholetime Director and several Independent Directors, alongside proposals to increase borrowing limits to ₹500 crore and enable investments exceeding statutory limits. These developments are expected to bolster governance and operational capabilities, potentially leading to positive investor sentiment.