Neueon Corporation Approves Q2 Results and Plans Rights Issue During Board Meeting

Neueon Corporation Approves Q2 Results and Plans Rights Issue During Board Meeting​

Neueon Corporation Limited held a Board meeting on July 31st, 2026, reviewing crucial corporate milestones, approving unaudited financial results for the quarter ended June 30th, 2026, setting dates for its upcoming Annual General Meeting (AGM), and outlining plans for capital raising through a rights issue.

The Board members considered and approved the Unaudited Financial Results both standalone and consolidated for the quarter ending June 30th, 2026. The company also took note of the Limited Review Report prepared by ASKM & Co., Chartered Accountants, on these financial results. Furthermore, the draft Board’s Report for the Financial Year (FY) 2025-26 was approved during the meeting.

AGM and Corporate Office Shift​

The Board established Saturday, September 05th, 2026, as the date for the company's 19th Annual General Meeting (AGM), and approved the draft Notice of the event. The Record Date for determining members eligible for the AGM has been fixed as Monday, August 31st, 2026.

The Register of Members and Share Transfer Books will be closed from Tuesday, September 01, 2026, until Saturday, September 05, 2026. The company also announced the appointment of Mr. Y Ravi Prasada Reddy, Proprietor of RPR & Associates, as scrutinizer for the 19th Annual General Meeting.

A significant item reviewed was the proposal to shift the registered office of the company. The Board approved the move from the current location at Survey No. 321, Turkala Khanapur Village, Hathnoora Mandal, Sangareddy District, Telangana, to 204, Second Floor, Ashoka Capital, Road No. 2, Banjara Hills, Hyderabad - 500034, Telangana. This shift is subject to shareholder approval at the upcoming AGM.

Details of Planned Rights Issue​

The Board also approved plans for raising funds through a rights issue involving partly paid-up equity shares with a face value of ₹1 each. The proposed issuance amount does not exceed Rs. 15079 Lakhs, intended to achieve minimum public shareholding status.

While the specific details regarding the rights issue, including the determination of the issue price, rights entitlement ratio, and timing, will be finalized by the Management Committee, the terms and procedure for application will be disclosed in a letter of offer sent to eligible shareholders on the record date.

The trading window has been closed pending the publication of results for the quarter and year ended June 30th, 2026, and is set to open forty-eight hours after the results are published.