1. Resolution plan completion and promoter lock-in - The new promoter consortium led by PRECA Solutions has executed 50% of settlement obligations to creditors as of the balance-sheet date and received trading approval for 50.89 crore promoter shares on 8 April 2026, with a full lock-in until April 2027. The lock-in removes near-term overhang on the entire promoter stake while the settlement progress clears the last structural legacy of the CIRP.
2. Share listing and capital reduction - Trading in the company's equity shares resumed on BSE and NSE effective 8 April 2026 after the face-value reduction from Rs 10 to Re 1 and the allotment of promoter shares under the resolution plan. Relisting restores liquidity and price discovery for a company that had been suspended since November 2024.
3. Name change and new objects for diversification - The company renamed itself from Neueon Towers Limited to Neueon Corporation Limited effective 23 December 2025 and amended its MOA to add Advanced Air Mobility, blockchain, advertising, EPC, and other verticals. The broader charter gives management legal headroom to pursue revenue streams beyond the legacy tower-fabrication business.
4. Legacy tower-fabrication revenue restart - FY25 revenue reached Rs 5.57 crore, up from Rs 1.53 crore in the prior year, as the company resumed operations in power-transmission and telecom-infrastructure fabrication. The restart demonstrates that the legacy plant can generate revenue while management evaluates which new verticals to scale.
5. Subsidiary for solar and renewable energy - Neueon Power Limited - Neueon Power Limited was incorporated as a wholly owned subsidiary on 19 December 2025 with objects covering solar, hybrid, and battery-storage energy systems on a turnkey basis. A dedicated subsidiary creates a ring-fenced vehicle to pursue renewable-energy EPC or development contracts without diluting the parent's focus.
6. Subsidiary for asset aggregation - Neueon Enterprises Limited - Neueon Enterprises Limited was incorporated on 10 December 2025 to build a platform for aggregating and managing high-value assets with the aim of improving liquidity and investment access. The structure suggests management intends to pool assets - possibly from the resolution process or new acquisitions - into a vehicle that could attract third-party capital.