Mr. Krishnamurthy Vijayan has been appointed as Additional Director (Non-executive and Non-independent) & Chairman of the company w.e.f. 21st Nov 2025. Letter attached.
Awaiting price reaction for this filing.
Neueon Corporation Ltd has appointed Mr. Krishnamurthy Vijayan as Additional Director (Non-executive and Non-independent) and Chairman of the company with effect from November 21, 2025, for a 5-year term. Mr. Vijayan brings 39 years of experience in mutual funds, asset management, infrastructure financing, and 25 years of board-level governance experience, and currently serves as an Independent Director on the board of Aban Offshore Limited. He holds zero shares in Neueon Corporation and is not related to any existing director. Separately, Mr. Sudheer Rayachoti, the existing Managing Director & Chairman, resigned from the Chairman position citing administrative work and professional commitments, but will continue as Managing Director. The appointment was approved via circular resolution rather than a full board meeting.
Leadership transition at the board level, but operational continuity is maintained since Mr. Rayachoti continues as Managing Director. The new Chairman's strong financial and governance background may be viewed positively by investors, though the use of a circular resolution instead of a physical board meeting is a minor governance note worth watching.