NCNeueon Corporation532887Strategic exit plan

Sale deed executed for Unit V land in Sangareddy, Telangana, for consideration of ~Rs. 90.73 crore

Neueon Corporation has executed a sale deed to sell a part of its immovable property — Unit V land at Turkala Khanapur village, Hathnoora, Sangareddy District, Telangana.

By ScoutQuest · Mon 26 Oct 2026, 5:04 PM IST · 2 min read

Total Consideration

~Rs. 90.73 crore

Land Area Sold

Ac. 36-35.75 Guntas and Ac. 00-32 Guntas at Unit V, Survey No. 321, Turkala Khanapur Village, Hathnoora, Sangareddy District, Telangana

Sale Deed Execution Date

26th Oct 2026

What was announced

• The company has partially sold its immovable property, namely land at Unit V, Survey No. 321, Turkala Khanapur Village, Hathnoora, Sangareddy District, Telangana.
• The land involved is Ac. 36-35.75 Guntas and Ac. 00-32 Guntas.
• The sale was completed by executing a sale deed on 26th Oct 2026.
• Total consideration received from the sale is ~Rs. 90.73 crore (Rupees Ninety Crore Seventy-Three Lakh Forty-Four Thousand Four Hundred and Thirty-Three Only).

Who is the buyer

• The buyer is M/s. Aparna Enterprises Limited.
• The buyer does not belong to the promoter or promoter group.
• The company states that the transaction does not fall within a related party transaction.

What else the disclosure says

• No turnover, revenue or income was contributed by the said property during the last financial year.
• The expected date of completion of the sale/disposal is stated as Immediate.
• The sale is outside a scheme of arrangement, and the company has obtained shareholder approval at the 18th Annual General Meeting held on 19th August 2025.
• The proposal for the sale was approved by the Board of Directors on 15th July 2025 and 22nd October 2026.
• Slump sale related disclosures are marked as not applicable.

How a retail investor can read this

• This is a one-time sale of a land parcel for cash consideration, disclosed as a material event under Regulation 30.
• Since the property did not contribute any revenue or income in the last financial year, the sale does not remove an income-earning asset from the company's operations.
• The buyer being unrelated to the promoter group is a detail the update specifically confirms.
• The update records the consideration amount and the land area; it sets out the approvals received for the sale.

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