Postal Ballot Result along with Scrutinizer''s Report enclosed.
Awaiting price reaction for this filing.
Neueon Corporation conducted a postal ballot (e-voting only) from January 6, 2026 to February 5, 2026, and all four ordinary resolutions were passed with requisite majority. The resolutions approved: (1) appointment of Mr. Durga Vara Prasad Bolla as Non-Executive Non-Independent Director (99.48% in favor), (2) material related party transactions for FY26 and FY27 (98.82% in favor), (3) material RPTs of material subsidiaries for FY26 and FY27 (98.82% in favor), and (4) appointment of Mr. Krishnamurthy Vijayan as Chairman & Non-Executive Non-Independent Director (99.48% in favor). Voting turnout was very low — only 71 members cast 3,84,525 votes, representing just 0.68% of the 56.54 crore total outstanding shares. Notably, promoter/promoter group held zero shares on the record date (January 2, 2026), and the company has an application pending for listing of 50.89 crore additional shares with BSE and NSE.
Routine governance update — director appointments and related-party transaction approvals were approved with overwhelming public shareholder support. The very low voter turnout and zero promoter shareholding are points retail investors may want to monitor, but the resolutions themselves are standard and unlikely to cause significant stock price movement.