Description

NSE notifies resumption of trading in Neueon Corporation Limited equity shares from December 23, 2025, following capital reduction under NCLT-approved Resolution Plan dated October 23, 2024.

Summary

NSE has announced the recommencement of trading in equity shares of Neueon Corporation Limited (formerly Neueon Towers Limited) effective December 23, 2025. This follows capital reduction pursuant to a Resolution Plan approved by the National Company Law Tribunal (NCLT), Hyderabad Bench, on October 23, 2024, under the Insolvency and Bankruptcy Code, 2016. The shares will initially trade in the BE (Trade for Trade) series before migrating to the EQ series as per SEBI regulations.

Key Points

  • Trading recommences on December 23, 2025 in BE (Trade for Trade) series
  • Face value reduced from Rs. 10/- to Re. 1/- per share
  • Total shares: 56,544,552 equity shares
  • ISIN: INE333I01044
  • Market lot size: 1 share
  • Symbol: NEUEON
  • Public shareholders (including erstwhile promoters) to hold 10% of equity capital
  • Successful Resolution Applicant (SRA) to hold 90% of equity capital
  • Record date for capital reduction: December 06, 2024
  • Company name changed from Neueon Towers Limited to Neueon Corporation Limited

Regulatory Changes

Capital Structure Modification:

  • Face value reduction: Rs. 10/- per share → Re. 1/- per share
  • No change in number of shares: 56,544,552 equity shares maintained
  • Pari Passu: Yes - new shares rank equally with existing shares

Trading Series:

  • Initial trading in BE (Trade for Trade) series as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012
  • Subsequent migration to EQ series as per regulatory framework
  • Pre-open session applicable

Shareholding Pattern Post-Resolution:

  • Public shareholding: 10% (5,654,455 shares approximately)
  • SRA/Nominees shareholding: 90% (50,890,097 shares approximately)
  • Represents significant dilution for existing shareholders

Compliance Requirements

For Members/Brokers:

  • Note the effective date: December 23, 2025
  • Update security codes and trading parameters
  • Implement Trade for Trade (BE series) restrictions
  • Comply with pre-open session requirements
  • Update ISIN: INE333I01044

Temporary ISIN Arrangements:

  • Dematerialized shares credited under temporary ISIN (IN8*********) as per SEBI circular CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012)
  • Activation protocols for additional issue of securities applicable

Registrar and Transfer Agent:

  • Bigshare Services Private Limited
  • Address: 306, Right Wing, 3rd Floor, Amrutha Ville, Opp. Yashoda Hospital, Somajiguda, Rajbhavan Road, Hyderabad – 500082
  • Tel: 040-40144582

Important Dates

  • October 23, 2024: NCLT approval of Resolution Plan
  • December 06, 2024: Record date for capital reduction
  • December 19, 2025: Circular issue date (NSE/CML/71917)
  • December 23, 2025: Effective date for trading recommencement
  • Financial Year: April 2025 to March 2026

Impact Assessment

Market Impact:

  • High impact due to substantial shareholding restructuring
  • Existing shareholders face 90% dilution post-resolution
  • Trade for Trade mechanism ensures controlled trading environment
  • Market lot of 1 share provides flexibility for retail investors

Corporate Impact:

  • Company emerges from insolvency proceedings under IBC framework
  • Fresh capital infusion expected from SRA (90% stake acquisition)
  • Complete management and ownership restructuring
  • Change in company name reflects new corporate identity

Investor Impact:

  • Existing public shareholders retain only 10% of total equity
  • Significant value erosion through capital reduction (Rs. 10 to Re. 1)
  • Uncertainty regarding future business direction under new management
  • Trade for Trade series may impact liquidity initially

Regulatory Compliance:

  • NCLT-approved resolution plan provides legal framework
  • SEBI regulations on additional share issuance complied with
  • Temporary ISIN mechanism ensures smooth transition
  • Pre-open session provides price discovery mechanism

Registered Office: Neueon Corporation Limited
Survey No. 321, Turkala Khanapur Village,
Hathnoora Mandal, Sangareddy District,
Telangana - 502296
Website: www.neueon.in
Email: cs@neueon.in
Contact: Mr. Subrat Sahoo

Impact Justification

Significant corporate restructuring involving 90% dilution of existing shareholders, capital reduction from Rs. 10 to Re. 1 per share, and resumption of trading post-insolvency resolution affecting 5.65 crore shares