Neueon Corporation Limited has formally disclosed the termination of its Procurement Partnership/Memorandum of Understanding (MOU) with Elcom Innovations Private Limited. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The procurement partnership was originally established through an agreement dated 24th July 2025, focusing on the supply of tactical communication equipment and solutions. The termination decision was attributed to unforeseen developments and changes in the prevailing business and market environment.
According to the annexure details, the parties to the agreement did not undertake any operational steps following the execution of the Procurement Partnership/MOU. Consequently, the company has confirmed that there is no financial or operational impact resulting from this termination.
The disclosure references previous corporate announcements made on 24th July 2026 and 25th July 2026, and includes compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The communication was signed by Sudheer Rayachoti, Managing Director (DIN: 01914434), and addressed to both BSE Limited and National Stock Exchange of India Limited.