Neueon Towers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 ,inter alia, to consider and approve as per attached letter
Awaiting price reaction for this filing.
Neueon Corporation (formerly Neueon Towers) has called a Board meeting on November 7, 2025 to approve its un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the limited review report from its statutory auditors. Separately, the Board will consider allotting 50.89 crore equity shares of Re. 1 each (representing 90% of the reduced share capital) to Preca Structures Private Limited as the new promoter. This allotment is being done pursuant to a Resolution Plan approved by the NCLT Hyderabad bench on October 23, 2024, under the company's corporate insolvency resolution process (CIRP). The trading window for insiders remains closed until November 9, 2025.
This signals a major change of control: existing shareholders face extreme dilution (~90%) as a new promoter takes over through the NCLT-approved resolution plan. While the company is emerging from insolvency, minority investors should expect a near-total restructuring of ownership and board control. Q2 results announcement will also be a key event to watch.