as per attached letter.
Awaiting price reaction for this filing.
Neueon Corporation Limited has received trading approval from both BSE and NSE for 508,900,968 equity shares of Rs. 1/- each. These shares were allotted on November 7, 2025, under a preferential basis as part of a Resolution Plan approved by the NCLT Hyderabad Bench on October 23, 2024. The new shares will start trading from April 8, 2026. The shares carry a lock-in period until April 14, 2027 and will rank pari-passu (equal) with existing equity shares of the company. This appears to be part of the company's corporate insolvency resolution process under IBC.
The significant increase in share capital from this NCLT-approved resolution plan will dilute existing shareholders. The 1-year lock-in provides some protection against immediate selling pressure. Shareholders should monitor the company's post-restructuring performance as this is part of a debt-to-equity conversion under insolvency proceedings.