The aforesaid communication with regards to non-compliance with maintaining SDD was placed before the Board of Directors at its meeting dated 17th May 2025. The Same has been enclosed.
Awaiting price reaction for this filing.
Neueon Towers informed BSE and NSE that its Board, at its May 17, 2025 meeting, reviewed a communication regarding non-compliance with maintaining a Structured Digital Database (SDD) as required under SEBI's Insider Trading (PIT) Regulations. The company, which was admitted into the Corporate Insolvency Resolution Process in June 2019 and whose NCLT-approved resolution plan (by a PRECA-led consortium) was cleared on October 23, 2024, stated that the new Board reconstituted from November 6, 2024 has since complied with SDD rules. Quarterly SDD compliance certificates for December 2024 and March 2025 were submitted on January 9, 2025 and April 10, 2025, and the Annual Secretarial Compliance Report was filed on May 13, 2025. The Board confirmed the SDD database is password-protected and assured future quarterly compliance within statutory timelines.
This is largely a procedural disclosure clarifying past lapses in SDD maintenance, which the newly reconstituted Board says it has corrected. For shareholders, the key takeaway is that the company is now actively catching up on regulatory compliance post-resolution plan approval, with no penalty or enforcement action disclosed in this filing.