as per attached letter.
Awaiting price reaction for this filing.
Neueon Towers Limited has informed the stock exchanges that RPSV & Co., Chartered Accountants (Firm Registration No. 013151S) has resigned as the company's statutory auditor with effect from July 10, 2025. The auditor was originally appointed on December 31, 2024 for a full five-year term until the AGM in 2030, making this a mid-term exit after roughly six months. The reason cited is 'professional preoccupation,' and the resigning auditor has confirmed there are no concerns about the company's management or any other material reasons behind the resignation. The auditor had already completed the FY25 standalone and consolidated audit (report dated May 17, 2025) and was set to sign off the June 30, 2025 quarterly results at the upcoming board meeting on July 15, 2025. The company stated the Audit Committee and Board will appoint a new statutory auditor to fill the casual vacancy in due course.
The exit is described as a routine mid-term change without governance red flags, but investors may want to watch for timely appointment of a replacement auditor and any unusual audit qualifications. Auditor changes during a tenure can sometimes draw scrutiny, though here the stated reason and clean exit disclosures reduce near-term concern for shareholders.