We would like to informed that CARE Ratings Limited through its letter has independently assigned ratings to the company. However, we would like to state that the same was unsolicited and ....
Awaiting price reaction for this filing.
CARE Ratings Limited assigned a credit rating to Neueon Corporation on January 12, 2026 without the company requesting it, according to the company. Neueon says the rating was unsolicited and that it tried unsuccessfully to reach CARE Ratings by phone. The company is calling the rating 'false or misleading' and plans to take the matter to its Board and pursue legal action against CARE Ratings if needed. The actual rating grade or value is not disclosed in this filing. The stock trades on both BSE (scrip code 532887) and NSE (symbol NEUEON).
This is unusual — companies typically cooperate with rating agencies, so the public dispute and threatened legal action signal a confrontational stance toward the rating. Until CARE Ratings' actual assessment is known and the company's response plays out, investors should watch for further clarification, as the outcome could affect the stock's perception of creditworthiness.