Neueon Corp promoters reclassified as public, holding falls to 90%

Neueon Corporation Limited has secured approval from stock exchanges to reclassify nine members of its erstwhile promoter group to the public category. This decision, effective following letters from BSE and NSE dated June 25, 2026, reduces the company's promoter holding to 90% while increasing public shareholding to 10%.

The reclassification was executed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is based on an approved resolution plan by the Hon'ble NCLT dated October 23, 2024. The company had initially submitted its application to the exchanges on March 26, 2025.

Shareholding Shift

The approval alters the company's ownership structure significantly. Prior to this reclassification, promoters held 93.63% of the equity shares, amounting to 52,94,30,411 shares. The public held 6.37%, or 3,60,15,109 shares. Following the change, the promoter group now holds 50,89,00,968 shares, representing exactly 90% of the total capital. Public shareholders now hold 5,65,44,552 shares, accounting for the remaining 10%.

Quarter	Promoter Holding		Public Holding
	Shares Held	Percentage	Shares Held	Percentage
Pre-Reclassification	52,94,30,411	93.63	3,60,15,109	6.37
Post-Reclassification	50,89,00,968	90	5,65,44,552	10

Outgoing Promoters

The reclassification affects nine entities and individuals associated with the erstwhile promoter group. The total number of shares reclassified amounts to 2,05,29,443, which constituted 3.62% of the company's shareholding prior to the approval.

Name of Outgoing Promoter	No. of Shares	% Shareholding
Foster Infin Trading Pvt Ltd	50,95,999	0.90%
Yalamanchili Finance and Trading Private Limited	47,67,500	0.84%
Sujana Holdings Limited	1,01,29,629	1.79%
Sujana Finance and Trading Private Limited	3,76,435	0.07%
Yalamanchili Satyanarayana Chowdary	1,40,657	0.02%
Sujana Capital Services Ltd	682	0%
G Srinivasa Raju	10,184	0%
(Late) Sandepudi Hanumantha Rao	8,357	0%
Sujana Pumps and Motors (P) Ltd	0	0%
Total	2,05,29,443	3.62%

The exchanges confirmed that the entities mentioned in the annexure shall now be classified as public shareholders. Neueon Corporation Limited is required to disclose this event as a material event in accordance with SEBI regulations.

Preca Structures Private Limited, the promoter of Neueon Corporation Limited, has confirmed that it holds 50,89,00,968 equity shares, constituting 90% of the company's share capital, as of March 31, 2026. The disclosure, submitted to the stock exchanges on April 02, 2026, confirms that no encumbrance was created on any of these shares during the financial year ended March 31, 2026, and the total encumbrance remains nil.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to provide yearly disclosures regarding their shareholding and any encumbrances thereon. The document was signed by Sudheer Rayachoti, Managing Director of Preca Structures Private Limited.

Promoter Holding Details

The disclosure outlines the specific shareholding pattern of the promoter group as of the end of the financial year. The following table details the holding:

Sr. No.	Name of Promoter	Category	Total No of shares held	% of Share holding
1	PRECA STRUCTURES PRIVATE LIMITED	Promoter	50,89,00,968	90%
	Total		50,89,00,968	90%

Regulatory Context and Public Shareholding

The disclosure includes a note referencing the approval of the Resolution Plan by the Hon'ble NCLT, Hyderabad bench, via an order dated October 23, 2024. The note highlights clause 4.2.3 of the approved resolution plan, which pertains to Regulation 19A of the Securities Contracts (Regulation) Rules, 1957.

As per the resolution plan, since the public shareholding in Neueon Corporation Limited has fallen below 25% due to the implementation of the plan, the company is required to restore public shareholding to 25% within a maximum period of three years from the date of such fall. This action must be executed in the manner specified by the market regulator.