Neueon Corporation Limited has issued a regulatory disclosure regarding an upcoming meeting of the Management Committee of the Board of Directors. The meeting is scheduled for Thursday, August 6, 2026.
The purpose of the meeting is to consider, discuss, and decide various matters in connection with a rights issue that was approved by the Board of Directors in their meeting held on Friday, July 31, 2026. The rights issue involves the issuance of partly paid-up equity shares of face value of ₹1 each for an amount not exceeding ₹150.79 crores.
Specific matters to be decided by the Management Committee include:
- Determination of the Rights Issue price
- Related payment mechanism
- Rights entitlement ratio
- Record date for the Rights Issue
- Timing of the Rights Issue
- Other related matters
The rights issue is being conducted in accordance with the Companies Act, 2013 and rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The implementation is subject to receipt of in-principle approval from the stock exchanges where the company's securities are listed or such other regulatory authorities as may be required.
This intimation is issued in terms of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.