as per attached letter.
Awaiting price reaction for this filing.
Neueon Corporation announced two board changes approved via circular resolution on November 21, 2025. Mr. Sudheer Rayachoti, who was serving as both Managing Director and Chairman, resigned from the Chairman position effective November 20, 2025, citing other administrative and professional commitments, with no material reasons disclosed. He will continue as Managing Director. In his place, Mr. Krishnamurthy Vijayan (DIN: 00589406) has been appointed as Additional Director (Non-Executive, Non-Independent) and Chairman for a 5-year term, subject to shareholder approval within 3 months. Mr. Vijayan brings 39 years of experience in mutual funds, asset management, and infrastructure financing, and currently also serves as an Independent Director on Aban Offshore Limited. He holds no shares in Neueon Corporation and is not related to any existing director.
The leadership transition is a partial change — the existing MD continues to run operations, which should provide continuity. The new Chairman is an experienced external professional, which may be viewed positively for governance, though shareholder approval is still pending and his compensation/role structure is not disclosed here.