Neueon Towers Limited — Others, 02-12-2024: Appointment

Neueon Towers Limited's recent board meeting approved significant changes in its governance and management structure. Mr. Vijayendra Santharam Seranyan Pasumarthi has been appointed as an Additional Whole-time Director, along with Mr. Purusothama Reddy Marrikunta as an Additional Independent Director. Sudheer Rayachoti steps into the role of Chairman. The board has been restructured to comply with relevant regulations, enhancing its governance. The positive restructuring aims to implement a Resolution Plan approved by NCLT, indicating a focus on recovery and growth. This may lead to improved investor confidence amidst ongoing transformations.