BSENeueon Corporation LtdMediumNeutral
Announced Wed, 1 Oct · 17:23 IST

as per attached letter

Strategic Transactions View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Neueon Corporation Ltd has sold its immovable property located at Unit IV, Survey No.172/A, IDA Bollaram, Sangareddy District, Telangana, by executing a sale deed on 1st October 2025. The property was approved for sale by the Board on 15th July 2025 and subsequently by shareholders at the 18th AGM held on 19th August 2025. The sale consideration is Rs. 3.38 crores, paid by Mr. Vishamber Garg, who is not a promoter or related party. The property had contributed no turnover or revenue to the company in the last financial year, and the transaction is not a related party deal.

Likely market impact

The company receives Rs. 3.38 crores in cash from the sale of a non-revenue-generating property, which may marginally boost liquidity but is unlikely to materially affect stock price or operations.