お知らせ • Dec 02
Neueon Towers Limited Announces Board Changes
Neueon Towers Limited announced that the board meeting held on December 2, 2024, appointment of Mr. Sudheer Rayachoti, Managing Director of the Company as chairman of the Company with immediate effect. Took note of the newly constituted Board of Directors whose composition is in compliance with the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The newly constituted Board comprised of the following: Mr. Sudheer Rayachoti, Chairman & Managing Director. Mr. Vijayendra Santharam Seranyan Pasumarthi, Additional Director (Whole-time Director). Mr. Muneyya Neelapala, Additional Director (Independent), Mrs. Anupama Govardhanagiri, Additional Director (Independent), Mr. Purusothama Reddy Marrikunta, Additional Director (Independent). Approved the constitution of the required committees of the Board under various provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015 and further approved the terms of reference of the said committees. Composition of the Committees are as follows: Audit Committee Composition with effect from December 02, 2024: Mr. Purusothama Reddy Marrikunta, Chairman, Mr. Muneyya Neelapala, Member, Mr. Sudheer Rayachoti, Member, Mrs. Anupama Govardhanagiri, Member. Nomination and Remuneration Committee Composition with effect from December 02, 2024: Mrs. Anupama Govardhanagiri, Chairperson, Mr. Muneyya Neelapala, Member, Mr. Purusothama Reddy Marrikunta, Member. Stakeholders Relationship Committee Composition with effect from December 02, 2024: Appointment of Mr. Subrat Sahoo (ACS M. No. A58193) as Company Secretary, Compliance Officer and General Manager (Legal) of the Company with immediate effect. Mr. Sudheer Rayachoti is a Graduate with over a decade of experience in Industry. He has completed his bachelor's in Business Management from M.S. Ramaiah Institute of Management, Bangalore in the year 2001. Thereafter, he has obtained PGDBM from Toronto, Canada in 2004. Mr. Sudheer has been an advisor to various Sugar and Co-Generation plants in Karnataka and southern Maharashtra consulting on various subjects such as expansions or procurement of machinery and raw materials. Mr. Sudheer Rayachoti having passed the Insolvency examination, he has hands on experience in the conduct of IBC Code and its proceedings. He continues to advise several Resolution Professionals and Corporate Debtors on the IBC proceedings. Mr. Subrat Sahoo is Qualified Company Secretary with a LLB qualification. He is having over 5 years plus post qualifications experience (PQE) in diverse industries, like construction, infrastructure, manufacturing, and pharmaceuticals. His expertise lies in the fields of secretarial and legal affairs, where he had successfully managed compliances for group companies, both Indian and foreign subsidiaries. He is specializing in FEMA Compliances, drafting, and reviewing various agreements and contracts tailored to business requirements. Additionally, he had represented diverse companies in various courts and tribunals, coordinating with legal professionals as desirable. He also actively participates in restructuring planning during stakeholder meetings under Corporate Insolvency Resolution Plan (CIRP) as per the IBC Code. Appointment of Mr. Vemulapalli Naveen Babu as Chief Compliance Officer of the Company with immediate effect. Mr. Vemulapalli Naveen Babu having 25 years of experienced in accounting management, day to day accounting entries, reconciliation of account, VAT, Service tax, TDS, GST, cash management and cash register, finance related work such as availed bank loan, providing required documents for bank loans and so on. He is maintaining all sales department data in day-to- day basis and handling and maintain sales register as well. He has experienced in accounting, finance and administration works.