Neueon Corporation Limited has addressed regulatory compliance violations that resulted in exchange fines totaling ₹76,700.00, providing detailed explanations to both BSE and NSE regarding the circumstances behind these penalties. The company's board reviewed these matters during its meeting on January 3, 2026, and submitted comprehensive comments to the exchanges on January 8, 2026.

Exchange Penalties and Payment Details

The company faced multiple regulatory violations across both major Indian stock exchanges, resulting in significant financial penalties. BSE imposed the largest fine for delayed related party transaction disclosures, while both exchanges penalized the company for inadequate board meeting notifications.

Board's Explanation for Violations

The company provided specific explanations for each category of violation during its board meeting. For the related party transaction disclosure delay under Regulation 23(9), the board attributed the violation to technical errors that prevented timely filing within the prescribed timeline. The company emphasized that it took necessary corrective steps for filing with BSE once the technical issues were identified and resolved.

Regarding the board meeting intimation delays under Regulation 29, the board clarified important context about the company's strategic plans. The board had granted in-principle approval to raise approximately ₹1,000.00 crores through debt and/or equity instruments to support growth and expansion initiatives, subject to statutory approvals and final board determination.

Regulatory Compliance Framework

The violations were addressed under SEBI's Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which requires companies to provide board comments on exchange-levied fines. The company received communication from BSE on December 16, 2025, and December 31, 2025, while NSE issued letter NSE/LIST/C/2025/1395 dated December 31, 2025, regarding these violations.

Strategic Context and Resolution

The company clarified that the board meeting intimation delay did not pertain to any specific fund-raising activity at that stage, despite the significant capital raising approval. Management decided to pay the fines promptly to avoid further delays and minimize administrative burden, demonstrating commitment to regulatory compliance going forward.

Neueon Corporation Limited, formerly known as Neueon Towers Limited, operates from its registered office in Telangana and corporate office in Hyderabad. The company has formally requested both exchanges to take this information on record as part of its compliance restoration efforts.

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.