Date: 24th July 2026
Partnership Disclosure
Neueon Corporation Limited has entered into a Procurement Partnership/Memorandum of Understanding (MOU) with Elcom Innovations Private Limited, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Partnership Details
- Partnership Entity: Elcom Innovations Private Limited
- Agreement Date: 24th July 2025
- Nature of Partnership: Procurement of raw materials for tactical communication equipment and solutions
- Geographic Scope: Domestic (Indian entity)
- Execution Timeline: Deliverables must be completed by July 23, 2027
- Contract Value: Approximately ₹35,00,00,000 (Rupees Thirty-five crores Only), exclusive of taxes
- Payment Structure: Amount will be paid in different tranches
- Related Party Status: No involvement of promoter/promoter group companies in Elcom Innovations
- Arm's Length Transaction: Confirmed not to be a related party transaction