Details of the Transaction
Property Sold: The company has partially sold its immovable property comprising land admeasuring Ac. 36-35.75 Guntas and Ac. 00-32 Guntas.
Location: The property is situated at Unit V, Survey No. 321, Turkala Khanapur Village, Hathnoora, Sangareddy Dist.-502296, Telangana, India.
Sale Deed Execution Date: The sale deed was executed on October 26, 2026.
Consideration: The total consideration received for the sale is ₹90,73,44,433 (Rupees Ninety Crore Seventy-Three Lakh Forty-Four Thousand Four Hundred and Thirty-Three Only).
Buyer Details: The buyer is M/s. Aparna Enterprises Limited. The buyer does not belong to the promoter/promoter group of Neueon Corporation Limited.
Related Party Status: The transaction does not fall within the definition of a related party transaction.
Approvals and Governance
Board Approvals: The proposal for the sale was approved by the Board of Directors on two dates: July 15, 2025, and October 22, 2026.
Shareholder Approval: The company obtained the approval of its shareholders for the sale at the 18th Annual General Meeting held on August 19, 2025.
Financial and Operational Impact
Historical Financial Contribution: As per the disclosure, the sold property contributed no turnover, revenue, or income during the last financial year.
Net Worth Contribution: The contribution to net worth is not quantified in the disclosure.
Expected Completion: The sale/disposal is expected to be completed immediately.
Regulatory References: The disclosure is made under Regulation 30 of the SEBI LODR Regulations, read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Additional Information
The transaction is a sale of assets and not a slump sale. The sale is outside of any scheme of arrangement.
#Tags: #NeueonCorporation #AssetSale #Regulation30 #SEBIDisclosure #RealEstate #Neutral