Please find enclosed the Annual Secretarial Compliance Report for the year ended 31st March 2026.
Awaiting price reaction for this filing.
Neueon Corporation Ltd (formerly Neueon Towers Ltd) has filed its Annual Secretarial Compliance Report for FY 2025-26. The company successfully completed a Corporate Insolvency Resolution Process (CIRP), with NCLT approving the resolution plan by PRECA Solutions India Pvt Ltd in October 2024. Post-resolution, the face value of equity shares was reduced from Rs. 10 to Re. 1, and the new promoter (Neueon Consol Private Limited) acquired a 90% stake through preferential allotment of 50.89 crore shares. Trading recommenced on BSE/NSE from December 23, 2025, with new shares trading from April 8, 2026. The report notes minor compliance deviations including delays in board constitution and related party transaction disclosures, for which fines totaling approximately Rs. 22.52 lakh were paid to both exchanges. The company also changed its name and registered office during the year.
The company has emerged from insolvency under new management with a significantly restructured shareholding. The new promoter holds 90%, indicating high concentration. Minor compliance penalties were paid, and all prior year observations have been addressed. The pending promoter reclassification approval may affect future shareholding pattern reporting.