StockWatch
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Heavy Electrical Equipment
Rights Issue31 Jul 2026, 05:40 pm

Neueon Corp Approves Rights Issue Up to ₹15079 Lakhs

AI Summary

Neueon Corporation Ltd's Board of Directors, in a meeting held on July 31, 2026, approved a Rights Issue to raise up to ₹15079 Lakhs. The funds will be raised through the issuance of partly paid-up equity shares to eligible shareholders to achieve minimum public shareholding. The Board also approved the unaudited financial results for the quarter ended June 30, 2026, and noted the Limited Review Report. Additionally, the company will shift its registered office and has fixed September 5, 2026, as the date for its 19th Annual General Meeting.

Key Highlights

  • Board approved Rights Issue to raise up to ₹15079 Lakhs.
  • Unaudited financial results for Q1 FY27 approved.
  • Registered office to be shifted to Hyderabad.
  • 19th AGM scheduled for September 5, 2026.
  • Company aims to achieve minimum public shareholding via rights issue.