The Exchange had sought clarification from Neueon Towers Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard The response of the Company is enclosed.
Awaiting price reaction for this filing.
NSE had asked Neueon Towers Limited to explain why its financial results for the quarter ended 30 June 2025 were not submitted in the format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standards (Ind AS), as required under Regulation 33 of the SEBI Listing Regulations. The company has now submitted its response to the exchange. The filing covers the format/structure of the results rather than any dispute over the numbers themselves. Note: The headline references 'Neueon Corporation Limited' while the body mentions 'Neueon Towers Limited', suggesting a possible name inconsistency.
This is a routine compliance clarification on the presentation format of results rather than a substantive issue with the financials or any enforcement action. Investors should keep an eye on whether the exchange or SEBI raises any further objections, but no immediate impact on share price or shareholder rights is expected from this filing alone.