Neueon Corporation

Neueon Corporation's board approved a rights issue of up to ₹150.79 crore to public shareholders, intended to achieve the regulatory minimum public shareholding. The partly paid-up equity shares of ₹1 face value will be offered to eligible shareholders, with the price, entitlement ratio and record date to be fixed later. Promoter holding was reclassified to 90 per cent in June, leaving a roughly 10 per cent public float. The board also approved its unaudited Q1 FY27 results, a proposed shift of the registered office to Banjara Hills, Hyderabad, and an annual general meeting on September 5.

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Neueon Corporation's board approved a rights issue of partly paid-up equity shares for up to ₹150.79 crore to eligible public shareholders, aimed at meeting minimum public shareholding requirements. The board also approved unaudited standalone and consolidated results for the quarter ended June 30, 2026, noted the statutory auditors' limited review report, and fixed the 19th annual general meeting for September 5. It separately approved shifting the registered office from Sangareddy to Hyderabad, subject to shareholder approval. The rights issue's price, entitlement ratio and record date are yet to be announced. The company emerged from insolvency in October 2024 under a resolution plan, and allotted ₹50.89 crore of fresh equity to the resolution applicant's entity in November 2025. Promoter holding stood at 90% following a reclassification in June 2026. Revenue for the fiscal year ended March 2026 was ₹15.72 crore, against a net loss of ₹133.47 crore that included a substantial impairment charge.

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Neueon Corporation's board approved a rights issue of up to ₹150.79 crore, through partly paid-up equity shares of ₹1 face value offered to shareholders in the public category, to achieve minimum public shareholding. Final pricing, entitlement ratio and record date are yet to be fixed, and the issue is subject to shareholder and regulatory approvals. The board also approved unaudited standalone and consolidated results for the June quarter, proposed shifting the registered office from Sangareddy to Hyderabad, and set the annual general meeting for September 5. The company emerged from insolvency resolution in October 2024 and reported FY26 revenue of ₹15.72 crore with a net loss of ₹133.47 crore, including a ₹58,748 lakh impairment on property, plant and equipment. Its promoters held about 90% of the equity after a reclassification of erstwhile promoter entities to the public category in June 2026.

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Neueon Corporation has secured orders worth approximately ₹150 crore from Elcom Innovations Private Limited for the supply of tactical communication equipment and solutions over the next 12 months, the company said in a filing on July 25. The disclosure is an update to the company’s announcement a day earlier, which had described a procurement MOU with Elcom valued at around ₹35 crore. Under the revised terms, the company will deliver the equipment under a domestic arrangement by July 2027. The company stated that no promoter or promoter group companies have any interest in the counterparty and the transaction is not a related party deal.

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July 24 (Reuters) - Neueon Corporation Ltd NEUE.NS:

• ENTERS PROCUREMENT PARTNERSHIP WITH ELCOM INNOVATIONS FOR 350 MILLION RUPEES

Source text: ID:nNSE6crw6t

Further company coverage: NEUE.NS

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Dec 2 (Reuters) - Neueon Towers Ltd NEUE.NS:

• SUDHEER RAYACHOTI NAMED AS MD

Source text: ID:nBSESDQSt

Further company coverage: NEUE.NS

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