We wished to informed that Neueon Corporation Limited (formerly Neueon Towers Limited) has incorporated WOS Neueon Power Limited on Dec 19th, 2025 as per attached letter.
Awaiting price reaction for this filing.
Neueon Corporation Ltd has set up a fully-owned subsidiary called Neueon Power Limited on December 19, 2025, registered in Hyderabad. The new company will focus on solar and renewable energy, including power plants, energy storage systems (BESS/ESS), and energy efficiency consultancy. It has started with a small paid-up capital of Rs 1 lakh (10,000 shares of Rs 10 each) on an authorized capital of Rs 10 lakh, and has not yet begun business operations. The move follows a board meeting decision from November 7, 2025, and marks Neueon's entry into the clean energy space beyond its legacy towers business.
Signals management's intent to diversify into the solar and renewable energy sector, but the initial capital is very small so there is no immediate financial impact on the stock. Shareholders should watch for follow-up updates on funding and project plans from this new subsidiary.