Neueon Towers Limited — Board Meeting, 15-07-2025: Outcome of Board Meeting

NEUEON's board has approved the financial results for the quarter ended June 30, 2025, reporting a consolidated net loss of Rs 22.08 Cr on revenue of Rs 4.46 Cr. Auditors noted concerns regarding impairment testing and investment valuation.

The company is undergoing a significant strategic shift, proposing a name change to 'Neueon Corporation Limited'. Key board approvals include altering the main business objectives to expand into civil engineering, EPC, data centers, IT services, interior design, advertising, blockchain, and advanced air mobility (AAM). Additionally, the board plans to sell three non-contributing undertakings/properties in Telangana by December 2025. New Statutory and Secretarial Auditors were also appointed, subject to shareholder approval.