as per attached letter
Awaiting price reaction for this filing.
Neueon Towers Limited has called its 18th AGM for Tuesday, August 19, 2025, at 11:30 AM, to be held via video conferencing. Shareholders will vote on adopting FY25 audited financials, re-appointing Mr. Sudheer Rayachoti as a director, and appointing M/s. ASKM & Co. as new statutory auditors for five years (FY26–FY30) to fill the casual vacancy left by the resignation of M/s. RPSV & Co. effective July 10, 2025. The notice also seeks approval to sell three company properties in Telangana (Sangareddy district) at Turkala Khanapur, IDA Bollaram, and another Bollaram plot, and to change the company name to Neueon Corporation Limited. Major strategic items include altering the object clause to add new businesses such as civil EPC, data centers, interior design, advertising, blockchain, and electric air mobility (eVTOL), along with authorization for the Board to give loans or guarantees up to Rs. 500 Crores to subsidiaries, associates, or group entities. M/s. RPR & Associates is proposed as the new secretarial auditor for five years, and Ms. Surabhi Verma (DIN: 09725877) is proposed as an Independent Director for five years from June 9, 2025.
This is a heavy AGM with several shareholder-sensitive items: a proposed name change, sale of three real estate assets, a major expansion of the company's permitted business areas (including futuristic ones like eVTOL and blockchain), and a Rs. 500 Crore lending authority to related/group entities. Investors should watch the voting outcomes closely, as these resolutions could reshape the company's identity and direction.