Neueon Corporation Limited has submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding the rescheduling of a Management Committee meeting of the Board of Directors.
The company had previously intimated on July 31, 2026, about a Management Committee meeting scheduled for Thursday, August 06, 2026, to consider and approve the terms of a proposed Rights Issue of equity shares.
This meeting has now been rescheduled to Monday, August 10, 2026. The reason for rescheduling provided is that the company has not received in-principle approval for the Rights Issue.
On August 10, 2026, the Management Committee will consider and approve several specific terms and conditions relating to the proposed Rights Issue, including:
- Record date for the Rights Issue
- Issue price of the equity shares
- Rights entitlement ratio
- Other specific terms and conditions
The proposed Rights Issue involves equity shares aggregating up to ₹150.79 crores.
The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations for information and records of the exchanges.
The letter is signed by Subrat Sahoo, Company Secretary & GM-Legal of Neueon Corporation Limited.