Neueon Towers Limited — Others, 02-12-2024: Change in Management

Nieuweon Towers Limited has announced a board meeting outcome, confirming key appointments to strengthen its management team. Mr. Vijayendra Santharam Seranyan Pasumarthi has been appointed as Whole-time Director, and Mr. Purusothama Reddy Marrikunta joins as an Independent Director, both subject to shareholder approval. Mr. Sudheer Rayachoti transitions to Chairman, with the board now compliant with the Companies Act and SEBI regulations. The board also authorized the implementation of an approved Resolution Plan and set the 17th Annual General Meeting for December 31, 2024. This restructuring could enhance governance, offering a positive outlook for investor confidence.