Board meeting on Oct 22 to consider sale of whole undertaking in Sangareddy, Telangana
Neueon Corporation has given advance notice of a Board Meeting on Thursday, Oct 22nd, 2026.
By ScoutQuest · · 2 min read
- Board Meeting Date
- Thursday, Oct 22nd, 2026
- Agenda Item
- whole of the undertaking ... at Thurkala Khanapur Village, Hatnoora Mandal, Sangareddy District, Telangana (PIN 502296)
What the company has told the exchanges
Neueon Corporation Limited has issued prior intimation that a meeting of its Board of Directors is scheduled to be held on Thursday, Oct 22nd, 2026. The notice lists the business to be transacted at that meeting.
The item on the agenda
- To sell or otherwise dispose of the whole of the undertaking of the company situated at Thurkala Khanapur Village, Hatnoora Mandal, Sangareddy District (Erstwhile Medak District), PIN 502296, Telangana.
Reading the words carefully
The update says the board will *consider* this item. It is a notice of a meeting, so the decision — and its terms — would come after the board meets. The phrase used is "sell or otherwise dispose of", which is wider than a plain sale and can cover other ways of parting with the undertaking. And it is the whole of the undertaking at that site, not a part of it.
What "undertaking" means here
In company usage, an undertaking is a business unit or operating asset — here, the one identified by its location in Sangareddy District, Telangana. Disposing of the whole of it would mean the company ceases to hold that unit.
What a shareholder may want to watch for
- The outcome of the board meeting and what exactly the board approves.
- The terms of any such sale or disposal, once the company discloses them.
- How the company describes its continuing business after such a step, if it is approved.
Why this notice is shared
Listed companies must give advance intimation of board meetings where price-sensitive or specified matters are to be considered, so that the market is not taken by surprise. This letter is that advance intimation, addressed to BSE (scrip code 532887) and NSE (symbol Neueon), and it is also posted on the company's website.
Also from Neueon Corporation
Board approves sale or other disposal of entire Telangana undertaking; buyer is Aparna Enterprises
22 Oct 2026
Work Order Worth About Rs. 25 Crores Received for Campus Civil Renovation Works
30 Sep 2026
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