Neueon Towers Limited — Others, 15-07-2025: Change in Auditors

Neueon Towers held a board meeting, approving the financial results for the quarter which showed a net loss of Rs. 22.08 Cr. The board proposed changing the company name to "Neueon Corporation Limited" and expanding its main business activities to include civil engineering, data centers, advertising, blockchain, and advanced air mobility. This signals a major strategic diversification. Additionally, the company aims to sell three non-contributing undertakings by December 2025. New statutory and secretarial auditors were also proposed. Auditors, however, raised concerns about unassessed asset impairment and an unvalued subsidiary investment of Rs. 139.93 Cr, crucial for investor clarity.