Board approves Rs 150.79 cr rights issue to meet public shareholding norm

Neueon Corporation board approved a rights issue of partly paid-up equity shares to raise up to Rs 15,079 lakhs (about Rs 150.79 crore) from eligible public shareholders. The aim is to achieve the minimum public shareholding requirement under SEBI rules. The issue is subject to shareholder and regulatory approvals. Board also approved Q1 FY27 unaudited results, shifting registered office from Sangareddy to Banjara Hills Hyderabad, and set the AGM for September 5, 2026.