StockWatch
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Heavy Electrical Equipment
Board Meeting31 Jul 2026, 06:40 pm

Neueon Corp Management Committee to Meet Aug 6 for Rights Issue

AI Summary

Neueon Corporation Limited has announced a meeting of its Management Committee scheduled for August 6, 2026. The primary agenda is to discuss and finalize various aspects of the proposed Rights Issue, which aims to raise up to ₹150.79 crores through partly paid-up equity shares. Key decisions will include determining the Rights Issue price, payment mechanism, entitlement ratio, record date, and timing. This meeting follows the Board of Directors' approval of the Rights Issue on July 31, 2026, and is subject to necessary regulatory and stock exchange approvals. The company is issuing this intimation in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Highlights

  • Management Committee meeting scheduled for August 6, 2026.
  • Agenda includes finalizing terms for a Rights Issue.
  • Rights Issue aims to raise up to ₹150.79 crores.
  • Key decisions on price, ratio, and timing to be made.