Company is in receipt of email dated 06th Oct 2025 to make fresh corporate announcement with detailed disclosure with regards to subject.
Awaiting price reaction for this filing.
Neueon Corporation has sold its immovable property (Unit III) at Survey No.172/A, IDA Bollaram, Sangareddy District, Telangana, by executing a sale deed on 01st October 2025. The property was a non-revenue-generating idle asset, contributing no turnover or income to the company. The sale was approved by the Board on 15th July 2025 and by shareholders at the 18th AGM on 19th August 2025. The buyer is Mr. Vishamber Garg, an unrelated party, and the total consideration received is Rs. 1.72 crore. This filing is a fresh resubmission of an earlier disclosure made on 04th October 2025, as requested by BSE.
A modest cash inflow of Rs. 1.72 crore from monetising a non-operating, revenue-neutral asset. Since the property contributed nothing to the company's earnings, the sale is unlikely to materially affect future operations or profitability, but it strengthens the balance sheet marginally.