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


























