Promoter Reclassification25 Jun 2026, 06:00 pm
Neueon Corp Gets Approval for Promoter Reclassification
AI Summary
Neueon Corporation Ltd has received approval from BSE and NSE for the reclassification of nine members from 'Erstwhile Promoters' to 'Public' category. This follows an application made on March 26, 2025, and is in accordance with an NCLT order dated October 23, 2024, and Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification impacts a total of 2,05,29,443 shares, representing 3.62% of the total shareholding. The company has been advised to disclose this event as a material event and forward the approval letters to depositories and its Registrar Transfer Agent for necessary actions.
Key Highlights
- BSE and NSE approve reclassification of 9 erstwhile promoters to public.
- Reclassification is based on NCLT order and SEBI LODR Regulations.
- Total 3.62% shareholding (2,05,29,443 shares) moves to public category.
- Company must disclose this as a material event.
- Action required from depositories and RTA.
Price Impact
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