NEUEON TOWERS LIMITED has informed the Exchange about Resignation of Statutory Auditor
Awaiting price reaction for this filing.
RPSV & Co., Chartered Accountants (Firm Registration No. 013151S) has resigned as the statutory auditor of Neueon Towers Limited with effect from July 10, 2025. The reason cited is 'professional preoccupation,' and the auditor has explicitly stated there are no concerns regarding the company's management and no other material reason for stepping down. RPSV & Co. had only been appointed on December 31, 2024, for a full 5-year term (until the 2030 AGM), making this a mid-term exit barely six months into the engagement. They had already completed the FY25 audit (report dated May 17, 2025) and will complete the Q1 FY26 limited review at the board meeting on July 15, 2025. The company will appoint a new statutory auditor to fill the resulting casual vacancy in due course.
The resignation is unlikely to alarm investors since the auditor has flagged no governance or management concerns — the stated reason is benign. However, shareholders should watch for the timely appointment of a replacement auditor; a prolonged casual vacancy or any change in the reason disclosed later could turn into a negative signal for the stock.