BSENeueon Corporation LtdHighNeutral
Announced Fri, 31 Jul, 2026 · 17:33 IST

Board approves rights issue of up to Rs 150.79 crores

Price reaction

Awaiting price reaction for this filing.

AI summary

Neueon Corporation Board approved a rights issue of partly paid-up equity shares up to Rs 15,079 lakhs (about Rs 150.79 crores) to eligible public shareholders to achieve minimum public shareholding. Issue is subject to shareholder and regulatory approvals. Board also approved Q1 FY26-27 unaudited results, shifting registered office to Hyderabad, fixed 19th AGM for September 5, 2026, and approved Board's Report for FY 2025-26.

Likely market impact

Rights issue may dilute existing holdings but helps company meet minimum public shareholding norms. Final price and ratio yet to be announced.