Board approves Telangana undertaking sale to Aparna Enterprises
NEUEON · price
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Neueon Corporation's board approved disposing of the company's entire undertaking in Turkala Khanapur, Telangana, with Aparna Enterprises Limited as the intended buyer. The buyer is outside the promoter group. The undertaking contributed nil revenue and net worth in the last financial year. Shareholders approved the disposal in August 2025. No sale price or completion date was disclosed.
The asset added no reported revenue or net worth. Sale proceeds and timing are unknown, so the benefit to shareholders and stock impact remain uncertain.