Board approves Rs 300 crore fund raise plan, seeks shareholder nod via postal ballot
NEUEON · price
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Neueon Corporation's board has approved raising up to Rs 300 crore through equity shares and other eligible securities via private placement, QIP, preferential issue or other permitted modes, subject to shareholder approval. The company will seek member approval through postal ballot with e-voting from Sep 30 to Oct 29, 2026. The board also approved alteration of Articles of Association and material related party transactions for 2026-27.
Possible equity dilution once fundraising is finalised. Await postal ballot result and clarity on issue structure, pricing and use of funds.