Neueon Corporation Limited has formally notified stock exchanges about the resignation of Independent Director Mrs. Surabhi Verma, effective from the closure of business hours on January 03, 2026. The company communicated this development to BSE Limited and National Stock Exchange of India Limited on January 06, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mrs. Surabhi Verma (DIN: 09725877) submitted her resignation from the position of Independent Director citing personal reasons. In her resignation letter dated January 03, 2026, she confirmed that there were no material reasons for her departure other than those mentioned in the communication.

Board Committee Impact

Following her resignation as Independent Director, Mrs. Surabhi Verma will also cease to be a member of any Board committees with effect from the same date. This change ensures compliance with corporate governance requirements regarding committee compositions.

Other Directorships

As part of the mandatory disclosure requirements under SEBI circulars, Neueon Corporation Limited has provided details of Mrs. Verma's other directorship positions. She currently serves as:

• Non-Executive and Independent Director at 7SEAS Entertainment Limited
• Member of Audit Committee and Nomination and Remuneration Committee at 7SEAS Entertainment Limited

Regulatory Compliance

The company has fulfilled all disclosure requirements as mandated under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The notification was signed by Subrat Sahoo, Company Secretary & GM-Legal, ensuring proper authorization and documentation.

Company Information

Neueon Corporation Limited, formerly known as Neueon Towers Limited, maintains its registered office at Survey No.321 Turkala Khanapur (V) Hathnoora Mandal, Sangareddy District, Telangana. The company's corporate office is located at Unit No. 204, Ashoka Capitol, Road No. 2, Banjara Hills, Hyderabad, Telangana.

Neueon Corporation Limited has initiated a comprehensive postal ballot process, dispatching notices to shareholders on January 05, 2026, for voting on critical corporate governance matters. The company has engaged National Securities Depository Limited (NSDL) as the e-voting agency to facilitate remote voting for all eligible shareholders.

Postal Ballot Timeline and Process

The postal ballot process follows a structured timeline with specific dates for shareholder participation:

The company has adopted an entirely digital approach, with no hard copies of postal ballot notices being sent to shareholders. All eligible members must communicate their votes exclusively through the remote e-voting system.

Resolutions for Shareholder Approval

Shareholders will vote on four ordinary resolutions covering director appointments and material related party transactions:

Director Appointments

The company seeks shareholder approval for two key director appointments. Mr. Durga Vara Prasad Bolla, a commerce graduate with extensive manufacturing sector experience, was appointed as Additional Director on November 07, 2025. Mr. Krishnamurthy Vijayan, who brings 39 years of experience in mutual funds, asset management, and infrastructure financing, was appointed as Chairman & Additional Director on November 21, 2025.

Both appointments require shareholder approval within three months of their board appointment dates, as mandated by SEBI Listing Regulations. The directors will be liable to retire by rotation and are entitled to sitting fees for board and committee meetings.

Material Related Party Transactions

The postal ballot includes approval for material related party transactions with estimated values up to ₹100.00 crores each for multiple entities:

Company Transactions:

• Neueon Enterprises Limited: Sale & purchase of goods & services, rent and business advances
• Neueon Global Limited: Sale & purchase of goods & services, rent and business advances
• Neueon Power Limited: Sale & purchase of goods & services, rent and business advances

Material Subsidiary Transactions: The material subsidiaries (Neueon Global Limited, Neueon Enterprises Limited, and Neueon Power Limited) will engage in similar transactions with related parties including the parent company and sister concerns.

All proposed transactions are expected to be conducted in the ordinary course of business and on an arm's length basis, with quarterly monitoring by the Audit Committee. The threshold limit for materiality is set at ₹54.00 lakhs, representing 10.00% of the company's consolidated turnover for 2024-25.

Regulatory Compliance and Governance

The postal ballot process adheres to provisions of the Companies Act, 2013, SEBI Listing Regulations, and relevant MCA circulars. Mr. Y Ravi Prasada Reddy, Practicing Company Secretary, has been appointed as Scrutinizer to ensure fair and transparent conduct of the voting process.

Shareholders whose email addresses are registered with the company or depositories will receive the postal ballot notice electronically. The company has provided detailed instructions for e-voting through NSDL's platform, including specific login methods for different categories of shareholders holding securities in demat or physical form.