Neueon Corporation Limited Receives Listing Approval for 50,89,00,968 Equity Shares
Neueon Corporation Limited received listing approval from BSE and NSE on March 20th, 2026, for 50,89,00,968 equity shares of Re. 1/- each issued to Preca Structures Private Limited. The allotment was made under an Approved Resolution Plan approved by NCLT Hyderabad bench on October 23rd, 2024. The company is now processing corporate action with depositories before filing trading applications with exchanges.
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Neueon Corporation Limited has secured listing approval from both major Indian stock exchanges for a significant equity share allotment under its resolution plan implementation.
Listing Approval Details
The company received formal listing approval from both exchanges on March 20th, 2026, as communicated through their regulatory filing dated March 21st, 2026.
| Exchange: | Letter Reference | Approval Date |
|---|---|---|
| BSE Limited: | LOD/PREF/TS/FIP/4134/2025-26 | March 20th, 2026 |
| National Stock Exchange: | NSE/LIST/52813 | March 20th, 2026 |
Share Allotment Specifications
The listing approval covers a substantial equity share issuance made under the company's resolution plan.
| Parameter: | Details |
|---|---|
| Number of Shares: | 50,89,00,968 equity shares |
| Face Value: | Re. 1/- each |
| Allottee: | Preca Structures Private Limited |
| Basis of Allotment: | Preferential basis |
| Status: | Resolution Applicant |
Regulatory Compliance Framework
The share allotment was executed in strict compliance with the Approved Resolution Plan, which received judicial approval from the Hon'ble NCLT, Hyderabad bench on October 23rd, 2024. The company filed this disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Next Steps in Process
Neueon Corporation Limited is currently undertaking the necessary procedural steps to complete the listing process. The company is processing corporate action with depositories and will subsequently file trading applications with both exchanges to enable trading of the newly approved shares.
The communication was signed by Subrat Sahoo, Company Secretary & GM-Legal, indicating the formal completion of this significant corporate milestone under the company's restructuring process.
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