Neueon Towers Limited has informed the Exchange about Copy of Newspaper Publication published by the Company in the Newspapers i.e., Financial Express (English) and Nava Telangana (Regional) on Saturday, July 26th, 2025.
Awaiting price reaction for this filing.
Neueon Towers Limited has published a newspaper advertisement in Financial Express and Nava Telangana on July 26, 2025, informing shareholders about a one-time special window (July 7, 2025 to January 6, 2026) to re-lodge physical share transfer requests, per SEBI Circular dated July 2, 2025. This follows the NCLT's October 23, 2024 order approving a Resolution Plan led by PRECA Solutions India Private Limited, which has set up an SPV called PRECA Structures. As part of the approved plan, the company's share capital was reduced from Rs. 56.54 crore to Rs. 5.65 crore by cutting face value from Rs. 10 to Re. 1 per share. Trading in the stock has been suspended on BSE and NSE since November 6, 2024, and the company has applied to the exchanges for relisting of the restructured securities. Shareholders holding physical shares are also urged to update KYC and convert their certificates into demat form, with the RTA being Bigshare Services Private Limited in Hyderabad.
This is a procedural/compliance filing providing physical shareholders an opportunity to regularise their holdings during the post-restructuring phase. The actual material event (capital reduction and trading suspension) already happened; near-term stock price impact is limited as trading remains suspended pending exchange approval for relisting.