as per attached letter
Awaiting price reaction for this filing.
Neueon Corporation has sent out a Postal Ballot Notice to shareholders seeking approval via e-voting for four ordinary resolutions. Two resolutions relate to the appointment of directors — Mr. Durga Vara Prasad Bolla (DIN: 11178704) as a Non-Executive Non-Independent Director and Mr. Krishnamurthy Vijayan (DIN: 00589406) as Chairman & Non-Executive Non-Independent Director — both of whom were earlier appointed as Additional Directors in November 2025. The other two resolutions seek shareholder approval for material related party transactions with three subsidiaries — Neueon Enterprises Limited, Neueon Global Limited, and Neueon Power Limited — for FY 2025-26 and 2026-27, with an estimated ceiling of up to INR 100 Crores each. The 10% material threshold has been calculated at INR 5.40 Crores based on FY 2024-25 consolidated turnover. E-voting starts on January 6, 2026 and ends on February 5, 2026, with results to be declared by February 7, 2026.
Shareholders need to cast their votes through NSDL e-voting before February 5, 2026. The RPT approvals are enabling limits meant for smooth business operations; actual transaction values may be lower. Approval of the two director appointments is required to comply with SEBI's 3-month rule from their November 2025 board appointments.