Neueon Corporation Limited announced the outcomes of its board meeting held on January 03, 2026, where directors approved key appointments and initiated a comprehensive postal ballot process for shareholder approval. The 30-minute meeting, which commenced at 02:00 p.m. and concluded at 02:30 p.m., addressed several significant corporate governance matters requiring member consent.

Director Appointments Recommended

The board recommended two strategic director appointments for shareholder approval. The company proposed Mr. Krishnamurthy Vijayan (DIN 00589406) as Chairman and Director in the Non-Executive Non-Independent Category for a period of 5 years effective November 21, 2025. Additionally, the board recommended Mr. Bolla Durga Vara Prasad (DIN 11178704) as Director in the Non-Executive Non-Independent Category for a 5-year term effective November 7, 2025.

Postal Ballot Process Authorization

The board approved a comprehensive postal ballot process through remote e-voting facility only, in accordance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The postal ballot will seek shareholder approval for four key matters:

• Appointment of Mr. Krishnamurthy Vijayan as Chairman & Non-Executive Non-Independent Director
• Appointment of Mr. Durga Vara Prasad Bolla as Non-Executive Non-Independent Director
• Approval of Material Related Party Transactions for financial years 2025-26 and 2026-27
• Approval of Material Related Party Transactions of Material Subsidiaries for financial years 2025-26 and 2026-27

Postal Ballot Timeline and Process

The company appointed M/s. RPR & Associates, Practicing Company Secretaries, as scrutinizer to ensure fair and transparent conduct of the postal ballot process. The postal ballot notice will be dispatched electronically to all members whose email addresses are registered with the company, depository, or depository participants.

Corporate Governance Framework

The board authorized the Managing Director and Company Secretary & Compliance Officer to execute all necessary steps for issuing the postal ballot notice and completing the remote e-voting process in compliance with applicable laws and regulations. The company will obtain member assent or dissent exclusively through the remote e-voting system, ensuring streamlined and efficient shareholder participation in the decision-making process.

Neueon Corporation Limited (formerly Neueon Towers Limited) is set to commence trading on Indian stock exchanges from December 23, 2025, marking a significant milestone following its corporate restructuring under the Insolvency and Bankruptcy Code, 2016.

Listing Details and Trading Commencement

The company will be listed and available for trading on both BSE Limited and National Stock Exchange of India Limited from Tuesday, December 23, 2025. The securities will be placed in the T Group of Securities and will continue to trade in the Trade-to-Trade segment in accordance with BSE Notice No. 20250702-33 dated July 02, 2025.

Corporate Name Change and Restructuring

As part of the restructuring process, the company has officially changed its name from Neueon Towers Limited to Neueon Corporation Limited, effective from December 23, 2025. This change reflects the company's evolution following the implementation of the NCLT-approved resolution plan.

The resolution plan was approved by the National Company Law Tribunal (NCLT), Hyderabad Bench, on October 23, 2024, under the provisions of the Insolvency and Bankruptcy Code, 2016. The plan includes significant changes to the company's shareholding structure and capital composition.

Capital Reduction and Shareholding Structure

Under the NCLT-approved resolution plan, the company has undergone a capital reduction process that has restructured its equity base. The public shareholders, including both public investors and erstwhile promoters, will hold 10.00% of the company's total issued, subscribed, and paid-up equity share capital. The remaining 90.00% of the shares will be allotted to the Successful Resolution Applicant (SRA) or its nominees.

The public shareholding of 5,65,44,552 equity shares has been reduced from a face value of ₹10.00 each to ₹1.00 each as part of this restructuring process.

Trading and Compliance Framework

The company will be part of the special pre-open session for IPO and other category of scrips as per SEBI guidelines. Market participants should note that equity shares allotted in dematerialized mode have been credited under the temporary ISIN in accordance with SEBI circular no. CIR/MRD/DP/21/2012 dated August 02, 2012.

The record date for giving effect to the resolution plan was fixed as December 06, 2024, as per Exchange Notice No. 20241202-57 dated December 02, 2024. All future compliance and reporting requirements will be handled through the NSE Electronic Application Processing System (NEAPS) for streamlined regulatory submissions.

Company Information

Neueon Corporation Limited operates from its registered office at Survey No. 321, Turkala Khanapur Village, Hathnora Mandal, Sangareddy District, Telangana-502296, with its corporate office located in Hyderabad. The company's CIN is L40109TG2006PLC049743, and it maintains its web presence at www.neueon.in .