Neueon Corp Receives Listing Approval for 50.89 Cr Equity Shares Post-NCLT Plan
Neueon Corporation Limited received listing approval for 50.89 crore equity shares issued to Preca Structures Private Limited on a preferential basis. This follows the NCLT-approved resolution plan dated October 23rd, 2024. The company is proceeding with depository actions and trading applications.
The listing of new equity shares is a material event for the company as it signifies the successful implementation of a resolution plan and the potential for increased liquidity and market capitalization. However, the direct impact on existing operations or financials is not immediately detailed.
The company has received listing approval for a significant number of equity shares, which is a positive step following a resolution plan, indicating progress and a move towards normal operations.
Neueon Corporation Limited has received listing approval from BSE Limited and National Stock Exchange of India Limited for 50,89,00,968 equity shares of Re. 1/- each. These shares were issued and allotted on a preferential basis to Preca Structures Private Limited, the Resolution Applicant, in accordance with the Approved Resolution Plan sanctioned by the Hon'ble NCLT, Hyderabad bench on October 23rd, 2024.
The company is currently undertaking corporate actions with the depositories and will subsequently file trading applications with the stock exchanges. The listing approval was communicated by BSE Limited on March 20th, 2026, and by the National Stock Exchange of India Limited on March 20th, 2026. The intimation to the exchanges was made on March 21st, 2026.
This development is a significant step following the NCLT's approval of the resolution plan, paving the way for the new equity shares to be listed and traded.
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Neueon Corporation Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Neueon Corporation Limited. Read the original for the full detail.