Nature of the Disclosure
Regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the outcome of the Board Meeting held on October 22, 2026.
Key Decision Approved
The Board of Directors of Neueon Corporation Limited (Scrip Code: 532887, Symbol: NEUEON) approved the sale or disposal of the entire undertaking of the company situated at Thurkala Khanapur Village, Hatnoora Mandal, Sangareddy District (Erstwhile Medak District), PIN 502296, Telangana.
Financial Impact Assessment
The undertaking contributed NIL turnover/revenue/income and NIL net worth to the company during the last financial year.
Historical Context and Approvals
The Board initially proposed this disposal at its meeting held on July 15, 2025. Shareholders of the company subsequently approved the sale or disposal of the entire undertaking at the 18th Annual General Meeting held on August 19, 2025.
Transaction Details
- Buyer Identified: Aparna Enterprises Limited
- Relationship to Company: The buyer does not belong to promoter/promoter group/group companies
- Transaction Type: Not a related party transaction
- Impact Assessment: The sale would not have any adverse impact on the company
Meeting Details
- Meeting Date: October 22, 2026 (Thursday)
- Commencement Time: 11:15 a.m.
- Conclusion Time: 11:27 a.m.
- Duration: 12 minutes
Status Update
Complete details of the sale will be updated post the completion of the sale process. The expected date of completion and consideration details were not disclosed in this filing.