Neueon Corporation Limited has announced the resignation of Independent Director Mrs. Surabhi Verma, effective from the closure of business hours on January 03, 2026. The company informed stock exchanges about this board change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mrs. Surabhi Verma, holding Director Identification Number (DIN) 09725877, tendered her resignation from the position of Independent Director citing personal reasons. The company confirmed that her resignation letter does not contain any other material reasons beyond those stated.

Board Committee Impact

Consequent to her resignation, Mrs. Surabhi Verma will also cease to be a member of any Committees of the Board from January 03, 2026. This change affects the overall composition of the company's board structure and committee memberships.

Regulatory Compliance

The announcement was made in compliance with SEBI regulations, specifically under Regulation 30 read with Schedule III – Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also provided additional details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Secretary & GM-Legal Subrat Sahoo signed the regulatory filing on behalf of Neueon Corporation Limited, ensuring proper documentation and compliance with exchange requirements. The notification was sent to both BSE Limited (Scrip code: 532887) and National Stock Exchange of India Limited (Scrip symbol: NEUEON).

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.