Description

BSE lists 50,89,00,968 equity shares of Neueon Corporation Limited (Scrip Code: 532887) for trading effective April 08, 2026, allotted pursuant to an NCLT-approved Resolution Plan. Shares are locked in until April 14, 2027.

Summary

BSE has notified that 50,89,00,968 equity shares of Rs. 1/- each of Neueon Corporation Limited (formerly Neueon Tower Limited, Scrip Code: 532887, ISIN: INE333I01044) are listed and permitted for trading on the Exchange with effect from Wednesday, April 08, 2026. These shares were issued and allotted pursuant to a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench.

Key Points

  • 50,89,00,968 equity shares of Rs. 1/- each are newly listed on BSE
  • Shares rank pari-passu with existing equity shares of the company
  • Distribution numbers: 56544553 to 565445520
  • Date of allotment: November 07, 2025
  • Issue price: Rs. 1/- per share
  • ISIN: INE333I01044
  • All newly listed shares are subject to a lock-in until April 14, 2027

Regulatory Changes

No new regulatory changes. The listing follows the NCLT, Hyderabad Bench order dated October 23, 2024, approving the Resolution Plan for Neueon Corporation Limited.

Compliance Requirements

  • Market participants are informed that these securities are now available for trading from April 08, 2026
  • Lock-in restrictions apply to all 50,89,00,968 shares until April 14, 2027; these shares cannot be traded during the lock-in period

Important Dates

  • NCLT Order Date: October 23, 2024
  • Date of Allotment: November 07, 2025
  • Trading Commencement: April 08, 2026 (Wednesday)
  • Lock-in Expiry: April 14, 2027

Impact Assessment

The listing of approximately 508.9 million new equity shares significantly increases the total share capital of Neueon Corporation Limited. However, since all newly listed shares are under lock-in until April 14, 2027, there is no immediate increase in free-float or tradable supply. The shares were allotted as part of an insolvency resolution process under NCLT, indicating the company underwent restructuring. Investors should note the lock-in constraints and monitor the company’s post-resolution operational performance.

Impact Justification

Routine listing of new equity shares issued under an NCLT resolution plan. Significant share volume (508.9 million shares) with a lock-in period until April 2027 limits near-term market impact.