Neueon Corporation

Neueon Corporation received a work order worth approximately Rs 25 crores from Share Medical Care Foundation for campus civil renovation works covering hospital, college and other areas. The domestic order was dated 30 September 2026 with deliverables to be completed by 31 March 2027 over the next six months, with no promoter interest and no related-party element. Revenue from operations was Rs 15.7 crores in the year to March 2026, all from domestic product sales, with total income of Rs 16.1 crores. Sales sat in the power-transmission and telecom-infrastructure space with no finer product split disclosed. The company's memorandum had been broadened into EPC, information technology and data-centre and other verticals.

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Sept 30 (Reuters) - Neueon Corporation Ltd NEUE.NS:

• RECEIVES WORK ORDER FOR CAMPUS CIVIL RENOVATION

Source text: ID:nBSE58vQj5

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Neueon Corporation's board approved a proposal to raise up to ₹300 crore through equity shares or other eligible securities in one or more tranches via private placement, qualified institutions placement, preferential issue or other permitted modes, subject to shareholder approval by postal ballot. The board also proposed altering Article 22(i) to allow one, two or multiple calls on unpaid shares with at least 15 days between calls, and sought member approval for material related party transactions for 2026-27 alongside the capital raise. Postal ballot e-voting was scheduled to run from 30 September to 29 October 2026. The proposal followed the withdrawal on 9 September 2026 of a ₹150.79 crore partly-paid rights issue that had been approved on 31 July 2026. Neueon Consol Private Limited held 90% of the company after a 50.89 crore-share allotment. The company reported standalone operating revenue of ₹15.7 crore and a net loss of ₹133.5 crore for the year to March 2026.

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Neueon Corporation withdrew its proposed rights issue of up to ₹150.79 crore after the board concluded that regulatory and procedural delays had changed the timing and immediacy of its funding requirements. The partly paid issue had been approved on July 31, 2026, as part of the company’s effort to meet the minimum public shareholding requirement after promoter ownership fell to 90%. Neueon had reported FY26 standalone operating revenue of ₹15.7 crore, cash of ₹1.3 crore and a net loss of ₹133.5 crore.

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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

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