Neueon Corporation Limited Incorporates Wholly Owned Subsidiary - Neueon Power Limited

Neueon Corporation Limited (formerly Neueon Towers Limited) has incorporated a Wholly Owned Subsidiary (WOS) named 'Neueon Power Limited' on December 19th, 2025. The new subsidiary has an authorized capital of Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each, and a paid-up capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each. The subsidiary is set to engage in setting up power plants, solar energy systems, and energy efficiency consultancy. The acquisition does not fall under related party transactions and the consideration is not specified. Neueon Corporation Limited shall hold 100% share capital of Neueon Power Limited.