Neueon Corporation Limited has announced the incorporation of a wholly owned subsidiary, Neueon Power Limited, to focus on renewable energy and power plant operations. The new subsidiary has been established with an authorized capital of ₹10.00 lakh.

Financial Structure and Capital Details

The newly incorporated subsidiary has been established with a well-defined capital structure to support its business operations in the power and renewable energy sector.

Business Objectives and Scope

Neueon Power Limited has been incorporated with a comprehensive mandate in the power and renewable energy sector. The subsidiary's primary business objectives include:

• Setting up power plants
• Developing solar energy systems
• Implementing renewable energy systems
• Creating hybrid energy systems
• Designing Energy Storage solutions, including Battery Energy Storage Systems (BESS)

Additionally, the company will provide consultancy services, specializing in planning, developing, and implementing comprehensive energy efficiency, conservation, and cost reduction measures on a turnkey basis.

Corporate Structure and Registration

Neueon Power Limited has been incorporated in India and registered with the Registrar of Companies, Hyderabad. Key points include:

• 100% shareholding by Neueon Corporation Limited
• No current business operations or turnover
• Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Necessary disclosures provided as per SEBI Circular

Strategic Implications

The incorporation of Neueon Power Limited represents a strategic expansion for Neueon Corporation Limited into the power and renewable energy sector. This move:

• Aligns with the growing focus on sustainable energy solutions
• Positions the parent company to participate in India's expanding renewable energy market
• Provides multiple revenue streams through project development and consultancy services
• Enables the company to serve diverse client requirements across the power and renewable energy spectrum

With its comprehensive business scope and turnkey approach to energy efficiency and conservation measures, Neueon Power Limited is well-positioned for growth in the energy sector.

Neueon Corporation Limited has announced the incorporation of a wholly owned subsidiary, Neueon Enterprises Limited (NEL), on December 10, 2025. The company informed stock exchanges BSE and NSE about this strategic development, following the outcome of a board meeting held on November 7, 2025.

Subsidiary Structure and Capital Details

The newly incorporated subsidiary has been established with a well-defined capital structure to support its operational objectives.

Strategic Objectives and Business Focus

Neueon Enterprises Limited has been established with specific strategic objectives aimed at enhancing the parent company's asset management capabilities. The subsidiary will serve as a platform for aggregating and managing high-value assets, ensuring structured consolidation across the organization. The company expects this initiative to deliver enhanced liquidity management and provide improved access to investment opportunities.

The subsidiary is currently in its initial phase and has not yet commenced business operations. Consequently, NEL has no turnover to report at this stage, as business activities are expected to begin following the completion of incorporation formalities.

Regulatory Compliance and Disclosure

The incorporation has been carried out in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided comprehensive details to stock exchanges as required under regulatory frameworks.

Neueon Corporation Limited, formerly known as Neueon Towers Limited, is currently in the process of incorporating the new name as per regulatory requirements. The company trades on BSE with scrip code 532887 and on NSE with the symbol NTL.