NSEGeneral Updates9 Sept 2026 · 9 Sept 2026, 05:36 pm
General Updates
Neueon Corporation Limited · NEUEON
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Neueon Corporation Limited has withdrawn its previously approved rights issue proposal due to delays in regulatory and procedural formalities, resulting in a change in the company's funding requirements.
Analysis Scores
Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Disclosure of Withdrawal of Rights Issue proposal, which was earlier approved by the Board of Directors at their meetings held on July 31, 2026 in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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NTL_09092026173607_NCL_announcement_Right_withdrawl_signed.pdf
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Ref: NCL/2026-27/0363/LSD
Date: 09th Sep 2026
The Listing Compliance Department The Listing Compliance Department
M/s. BSE Limited M/s. National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Dalal Street Bandra Kurla Complex, Bandra (E),
Mumbai- 400001 Mumbai 400 051
Scrip code: 532887 Scrip symbol: NEUEON
Dear Sir/Madam,
Sub: Disclosure of Withdrawal of Rights Issue proposal, which was earlier approved by the
Board of Directors at their meetings held on July 31, 2026 in compliance with Regulation 30
of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ref: Outcome of Board Meeting held on July 31, 2026.
In pursuance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, Neueon Corporation Limited (“the Company”) hereby informs that the Board of
Director accorded its consent to withdraw Rights Issue proposal for an amount not exceeding Rs.
150.79 Crores (“Rights Issue”), which was earlier approved by the Board of Directors at their
meetings held on July 31, 2026 due to time taken for completion of the requisite regulatory and
procedural formalities has resulted in a change in the timing and immediacy of the Company's
funding requirements.
This is for the information of all the stakeholders of the Company.
Thanking you,
Yours sincerely,
For Neueon Corporation Limited
Sudheer Rayachoti
Managing Director
DIN 01914434