Neueon Corporation Limited Receives Trading Approval for 50,89,00,968 Equity Shares on Preferential Basis

1 min read     Updated on 08 Apr 2026, 06:08 AM
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Neueon Corporation Limited received trading approval from BSE and NSE for 50,89,00,968 equity shares of Re. 1/- each allotted on preferential basis, with trading commencing April 08, 2026. The shares were issued under a Resolution Plan approved by NCLT Hyderabad Bench on October 23, 2024, and are subject to lock-in until April 14, 2027. These shares rank pari-passu with existing equity shares of the company.

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Neueon Corporation Limited has successfully obtained trading approval from both major Indian stock exchanges for a substantial equity share allotment. The company announced that it received approval from BSE Limited and National Stock Exchange of India Limited for trading of 50,89,00,968 equity shares of Re. 1/- each issued on a preferential basis.

Trading Approval Details

The trading approvals were granted on April 07, 2026, with trading commencing from April 08, 2026. The approvals came through BSE Limited vide Notice No. 20260407-15 and from National Stock Exchange of India Limited vide letter bearing No. NSE/LIST/ 54259, both dated April 07, 2026.

Parameter: Details
Number of Shares: 50,89,00,968
Face Value: Re. 1/- each
Issue Type: Preferential basis
Trading Start Date: April 08, 2026
Distinctive Numbers: 56544553 to 565445520

Regulatory Background

These equity shares were issued pursuant to a Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench, through its order dated October 23, 2024. The allotment date for these shares was November 07, 2025. The shares rank pari-passu with the existing equity shares of the company, providing equal rights and privileges to the holders.

Lock-in Period and Trading Restrictions

The newly approved shares are subject to specific lock-in provisions as mandated by regulatory requirements. All 50,89,00,968 shares bearing distinctive numbers from 56544553 to 565445520 will remain under lock-in until April 14, 2027. This lock-in period ensures compliance with securities regulations governing preferential allotments.

Exchange Notifications

Both exchanges issued formal notifications confirming the listing and trading permissions. BSE Limited's notice categorized this under company-related developments in the equity segment, while NSE's communication was addressed to Company Secretary Mr. Subrat Sahoo. The exchanges emphasized that these shares are now listed and admitted to dealings on their respective platforms.

Corporate Information

Neueon Corporation Limited, formerly known as Neueon Towers Limited, maintains its registered office at Survey No.321 Turkala Khanapur (V) Hathnoora Mandal, Sangareddy District, Telangana. The company's corporate office is located at Unit No. 204, Ashoka Capitol, Road No. 2, Banjara Hills, Hyderabad. The company trades under scrip code 532887 on BSE and symbol NEUEON on NSE.

How will the substantial increase in share count from this preferential allotment impact Neueon's earnings per share and existing shareholder dilution?

What strategic initiatives or expansion plans does Neueon intend to fund with the capital raised through this preferential allotment?

Who are the preferential allottees and what influence might they have on Neueon's future business direction and governance?

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Neueon Corporation Limited Submits SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 07 Apr 2026, 12:09 AM
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Neueon Corporation Limited submitted its Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for Q4FY26 ended March 31, 2026. Bigshare Services Pvt. Ltd confirmed the regulation's non-applicability as all shares remain in demat form with no rematerialisation or dematerialisation requests during the quarter. The compliance filing was made to BSE and NSE on April 06, 2026.

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Neueon Corporation Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on April 06, 2026. The filing was made through reference number NCL/2026-27/0291/LSD and signed by Company Secretary & GM-Legal Subrat Sahoo.

Filing Details: Information
Reference Number: NCL/2026-27/0291/LSD
Filing Date: April 06, 2026
Quarter Ended: March 31, 2026
Authorized Signatory: Subrat Sahoo, Company Secretary & GM-Legal

Certificate Status and Compliance

Bigshare Services Pvt. Ltd, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 04, 2026. The certificate confirms that Regulation 74(5) is not applicable to Neueon Corporation Limited for the specified quarter.

The non-applicability stems from two key factors:

  • The entire shareholding of the company is maintained in demat form
  • No requests for rematerialisation or dematerialisation were received from company members during the quarter ended March 31, 2026

Company Information

Neueon Corporation Limited, formerly known as Neueon Towers Limited, operates with its registered office located at Survey No.321 Turkala Khanapur (V) Hathnoora Mandal, Sangareddy District, Telangana. The company's corporate office is situated at Unit No. 204, Ashoka Capitol, Road No. 2, Banjara Hills, Hyderabad.

Corporate Details: Information
BSE Scrip Code: 532887
NSE Symbol: NEUEON
Registrar: Bigshare Services Pvt. Ltd
Former Name: Neueon Towers Limited

This quarterly filing represents part of the company's ongoing compliance with SEBI regulations governing depositories and participants, ensuring transparency in share transfer and holding processes.

What strategic initiatives might Neueon Corporation pursue in the upcoming quarters given their streamlined share transfer operations?

How could the company's transition from Neueon Towers Limited impact its future business focus and market positioning?

Will Neueon Corporation consider any corporate actions like stock splits or bonus issues that could affect their demat-only shareholding structure?

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