Scrip Symbol

NEUEON (NSE)

Meeting Details

The 19th Annual General Meeting of NEUEON CORPORATION LIMITED was held on Saturday, September 05, 2026, commencing at 11:30 AM and concluding at 12:07 PM. The meeting was conducted through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM) in compliance with circulars from the Ministry of Corporate Affairs and SEBI.

Attendance

A total of 45 shareholders attended the meeting through VC.

Directors and Officials in Attendance:

  • Mr. Krishnamurthy Vijayan, Chairman (participated through VC from a remote location)
  • Mr. Sudheer Rayachoti, Managing Director & Chairman of Management Committee (physically present at the venue)
  • Mr. Purusothama Reddy Marrikunta, Independent Director, Chairman of Audit Committee and Stakeholders Relationship Committee (physically present)
  • Mrs. Pasala Anupama, Independent Director and Chairperson of Nomination and Remuneration Committee (physically present)
  • Mr. Neelapala Muneyya, Independent Director (participated through VC from a remote location)
  • Mr. V Naveen Babu, Chief Financial Officer (physically present)
  • Mr. Subrat Sahoo, Company Secretary & GM-Legal (physically present)
  • Mr. S. Venkateswara Rao, Partner of ASKM & Co., Chartered Accountants-Statutory Auditor (physically present)
  • Mr. Ravi Prasada Reddy, Scrutinizer and Secretarial Auditors (physically present)

Proceedings Summary

The Company Secretary welcomed attendees and introduced the Board members, CFO, Statutory Auditors, and the Scrutinizer. The Chairman, Mr. Krishnamurthy Vijayan, assumed the chair after quorum was confirmed.

The Chairman and Managing Director addressed shareholders, providing an overview of the business environment, the Company's implementation of an approved Resolution Plan, its performance for the financial year ended March 31, 2026, and future outlook.

It was confirmed that the Annual Report for 2025-26, containing audited standalone and consolidated financial statements and reports, was dispatched electronically to registered shareholders on August 08, 2026.

The Notice was taken as read. It was disclosed that the Statutory Auditors and Secretarial Auditors had expressed a Qualified Opinion in their audit reports for FY 2025-26, with observations on the financial statements and matters bearing on the Company's functioning. Management's responses to these qualifications were noted as being contained within the Board's Report.

Pre-registered shareholder queries were addressed by the Chairman and Managing Director, supported by the CFO, Company Secretary, and Auditors. Unresolved queries were promised to be addressed via email.

Voting Process

Pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI LODR, the Company provided a remote e-voting facility from September 02, 2026 (9:00 AM IST) to September 04, 2026 (5:00 PM IST) through NSDL. Shareholders unable to vote remotely were offered the opportunity to e-vote at the AGM venue after the meeting.

Mr. Ravi Prasada Reddy, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the entire e-voting process. The scrutinizer's report on the voting results is to be submitted within two working days of the AGM conclusion. The Managing Director and Company Secretary were authorized to receive, declare, and submit these results to the stock exchanges.

All resolutions proposed at the AGM are deemed passed on September 05, 2026, if approved by the requisite majority.

Business Transacted

The following items from the Notice of the 19th AGM were transacted:

Ordinary Business

1. Item 1: Approval of Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. (Ordinary Resolution)

2. Item 2: Re-appointment of Mr. Durga Vara Prasad Bolla (DIN: 11178704), a director who retired by rotation. (Ordinary Resolution)

Special Business

3. Item 3: Authorization to the Board to enter into related party transactions as per applicable law for the financial year 2026-27. (Ordinary Resolution)

4. Item 4: Approval of Material Related Party Transactions of the company for the financial year 2026-27. (Ordinary Resolution)

5. Item 5: Shifting of Registered Office of the Company. (Special Resolution)

Additional Information

The transcript and video recording of the 19th AGM will be made available on the company's website at www.neueon.in.

#Tags: #NEUEON #AGM #SEBIDisclosure #RegulatoryCompliance #Neutral