Neueon Corporation532887Strategic exit plan
Board approves sale or other disposal of entire Telangana undertaking; buyer is Aparna Enterprises
Board approved the sale or other disposal of the whole of the company's undertaking at Thurkala Khanapur Village, Hathnoora Mandal, Sangareddy District (Erstwhile Medak District), Telangana.
By ScoutQuest · · 2 min read
- Buyer identified
- Aparna Enterprises Limited
- Undertaking contribution
- NIL to turnover, revenue, income and net worth in the last financial year
- Shareholder approval
- 18th AGM on August 19, 2025
What the board approved
- At its meeting on Thursday, October 22, 2026, the Board of Directors considered and approved the sell or otherwise dispose of the whole of the company's undertaking situated at Thurkala Khanapur Village, Hathnoora Mandal, Sangareddy District (Erstwhile Medak District), PIN 502296, Telangana.
- This is the entire undertaking at that location, not a part of it.
Who the buyer is
- The update names Aparna Enterprises Limited as the buyer.
- It states that this buyer does not belong to the promoter, promoter group or group companies.
How the process has moved so far
- The Board, at its meeting held on July 15, 2025, proposed the sale or other disposal of this undertaking.
- The shareholders of the Company accorded their approval for the sale or other disposal at the 18th Annual General Meeting held on August 19, 2025.
- The sale is not outside the Scheme of Arrangement (the update answers this as No).
- The update states that the complete details will be updated post the completion of the sale process.
What the numbers say
- Turnover, revenue, income and net worth contributed by this undertaking during the last financial year: NIL.
- The Company states that the sale of this fixed asset would not have any adverse impact on the Company.
- The item relating to a slump sale is marked Not Applicable.
What a retail investor can take away
- This is a board-approved decision to sell or otherwise dispose of a whole undertaking, with a named buyer outside the promoter group, and it follows a proposal made in July 2025 and shareholder approval in August 2025.
- Because the undertaking contributed NIL to turnover, revenue, income and net worth in the last financial year, the update presents the transaction as one without an adverse impact on the Company.
Also from Neueon Corporation
Board meeting on Oct 22 to consider sale of whole undertaking in Sangareddy, Telangana
21 Oct 2026
Work Order Worth About Rs. 25 Crores Received for Campus Civil Renovation Works
30 Sep 2026
More numbers
- Turnover, revenue, income and net worth contributed by the undertakingNIL
Source: BSE · 22 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.