Neueon Towers Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
Awaiting price reaction for this filing.
Neueon Towers Limited has amended its MOA and AOA following approval by shareholders via Special Resolution at the 18th Annual General Meeting on August 19, 2025, with ROC approval received on August 29, 2025. The MOA was overhauled to significantly widen the company's business scope, adding new main objects covering civil engineering and EPC contracts, data center and IT/cloud services, interior design, advertising and media, blockchain technology, and Advanced Air Mobility (eVTOL aircraft). Multiple ancillary objects (sub-clauses 28 to 46) were also added, the old 'Other objects' clause (III-C) was deleted, and the AOA was fully replaced to align with the Companies Act, 2013. The company has also flagged that it is in the process of applying to the ROC for a name change to 'Neueon Corporation Limited'.
The amendments represent a major diversification of the company's permitted business activities into high-growth areas such as data centers, blockchain, eVTOL/air mobility, and infrastructure EPC, which could open new revenue streams. Shareholders should note the simultaneous pending name change to Neueon Corporation Limited, reflecting a broader repositioning of the company.