as per attached letter
Awaiting price reaction for this filing.
Neueon Corporation Ltd has sold its immovable property located at Unit III, Survey No.172/A, IDA Bollaram, Sangareddy District, Telangana, by executing a sale deed on 1st October 2025. The property was sold to Mr. Vishamber Garg for a total consideration of Rs. 1.72 crore, and the buyer is not a related party or part of the promoter group. The property contributed no turnover or revenue to the company in the last financial year, meaning it was a non-operational asset. The sale was first approved by the Board of Directors on 15th July 2025 and subsequently cleared by shareholders at the 18th Annual General Meeting held on 19th August 2025.
This is a small, one-off asset sale of a non-revenue-generating property. It frees up Rs. 1.72 crore in cash but is unlikely to have any meaningful impact on the company's operations or stock price, given the negligible size of the transaction relative to a listed entity.