Neueon Towers Limited — Board Meeting, 17-05-2025: Outcome of Board Meeting

Neueon Towers posted a consolidated net loss of Rs. 90.74 Cr for FY25 on revenues of Rs. 5.40 Cr, highlighting ongoing operational struggles. Following a new board formation after NCLT’s resolution plan approval, the company appointed PVRM & Associates as internal auditors for FY26 and is working through a resolution plan with half of the settlement done. Impairment testing on assets is still pending, which resulted in a qualified audit opinion. The board remains focused on driving the company’s turnaround.