StockWatch
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Heavy Electrical Equipment
Rights Issue5 Aug 2026, 08:30 pm

Neueon Reschedules Rights Issue Meeting; ₹150.79 Cr Issue Planned

AI Summary

Neueon Corporation Ltd has rescheduled its Management Committee meeting, originally set for August 6, 2026, to August 10, 2026. The delay is due to the company not yet receiving in-principle approval for its proposed Rights Issue. The rescheduled meeting will focus on approving key terms for the Rights Issue, including the record date, issue price, rights entitlement ratio, and other conditions. The issue aims to raise up to ₹150.79 crores.

Key Highlights

  • Management Committee meeting rescheduled to August 10, 2026.
  • Delay attributed to pending in-principle approval for Rights Issue.
  • Meeting to finalize terms for Rights Issue up to ₹150.79 crores.
  • Key terms to be decided include record date and issue price.