| Scrip Code | 532887 |
|---|---|
| NSE Symbol | NEUEON |
| MSEI Symbol | NOTLISTED |
| ISIN | INE333I01044 |
| Name of company | Neueon Corporation Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 01-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 27-04-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing |
| Start date and time of board meeting | 01-05-2026 14:00:00 |
| End date and time of board meeting | 01-05-2026 16:30:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 617.11 | 1,597.31 | |
| Other income | 6.69 | 14.19 | |
| Total income | 623.80 | 1,611.50 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 54.08 | 54.08 |
| (b) | Purchases of stock-in-trade | 150.04 | 1,072.83 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.93 | 0.93 |
| (d) | Employee benefit expense | 16.92 | 70.83 |
| (e) | Finance costs | 0.04 | 0.72 |
| (f) | Depreciation, depletion and amortisation expense | 0.00 | 6,018.01 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 19,742.47 | 19,913.45 |
| Total other expenses | 19,742.47 | 19,913.45 | |
| Total expenses | 19,964.48 | 27,130.85 | |
| 3 | Total profit before exceptional items and tax | (19,340.68) | (25,519.35) |
| 4 | Exceptional items | (1,298.79) | (7,098.77) |
| 5 | Total profit before tax | (20,639.47) | (32,618.12) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (20,639.47) | (32,618.12) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (20,639.47) | (32,618.12) |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | (20,639.47) | (32,618.12) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 5,654.46 | 5,654.46 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | (32,618.12) | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -36.5 | -5.77 | |
| Diluted earnings (loss) per share from continuing operations | -36.5 | -5.77 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -36.5 | -5.77 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -36.5 | -5.77 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1 The Company adopted Indian Accounting Standards (Ind AS) from April 1, 2015, and accordingly the above financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial Reporting prescribed under section 133 of the Companies Act, 2013, read with the relevant rules issued there under and other accounting principles generally accepted in India. This has not resulted in any differences in Statement of Profit & Loss as per previous GAAP for the Year ended 31st March, 2026. 2 The Company is principally engaged in single business segment and operates in one geographical segment as per onSegment Reporting'. Accordingle,the company has made no segment reporting 3 The company was undergone resolution process till 23rd Oct 2024 and financial was prepared on going concern basis. The Hon’ble NCLT has approved the Resolution Plan submitted by a consortium led by PRECA Solutions India Private Limited (hereinafter referred to as “Resolution Applicant”) vide its Order vide IA (IBC) (Plan) 17/2024 in CP(IB) No.679/7/HDB/2018 dated 23rd Oct, 2024 (“Approval Order”). The Resolution Applicant has then formed an SPV namely “PRECA Structures Private Limited” for implementation of the approved resolution plan. The resolution plan is thus binding on all stakeholders. The new Board of Directors has been reconstituted to manage affairs of the company 06th Nov 2024. 4 The Company has three Indian wholly owned Subsidairies i.e Neueon Enterprises Limited, Neueon Power Limited and Neueon Global Limited , one Foreign subsidiary of Digitech Business Systems Limited. 5 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 01st May,2026. The statutory auditors have carried out a limited review of these financial results. 6 Figures of the previous quarters/period have been regrouped and reclassified wherever necessary. 7 The above results will be placed on Website www.neueon.in |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 70,616.47 | |
| Capital work-in-progress | 0.00 | |
| Investment property | ||
| Goodwill | 0.00 | |
| Other intangible assets | 0.27 | |
| Intangible assets under development | ||
| Biological assets other than bearer plants | ||
| Investments accounted for using equity method | ||
| Non-current financial assets | ||
| Non-current investments | 0.00 | |
| Trade receivables, non-current | ||
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| Total of other non-current financial assets | ||
| Total non-current financial assets | 0.00 | |
| Deferred tax assets (net) | ||
| Other non-current assets | ||
| Total of other non-current assets | ||
| Total non-current assets | 70,616.74 | |
| 2 | Current assets | |
| Inventories | 496.98 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 34,344.64 | |
| Cash and cash equivalents | 187.10 | |
| Bank balance other than cash and cash equivalents | 0.00 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | ||
| Total current financial assets | 34,531.74 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Other current assets | 2,764.61 |
| Total of other current assets | 2,764.61 | |
| Total current assets | 37,793.33 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 1,08,410.07 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 5,654.46 | |
| Other equity | 78,650.28 | |
| Total equity attributable to owners of parent | 84,304.74 | |
| Non controlling interest | ||
| Total equity | 84,304.74 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | ||
| Total Trade payable | ||
| Other non-current financial liabilities | ||
| Total of other non-current financial liabilities | ||
| Total non-current financial liabilities | 0.00 | |
| Provisions, non-current | 0.00 | |
| Deferred tax liabilities (net) | 15,915.90 | |
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 15,915.90 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 5,239.92 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,630.42 | |
| Total Trade payable | 1,630.42 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 818.64 |
| Total of other current financial liabilities | 818.64 | |
| Total current financial liabilities | 7,688.98 | |
| Other current liabilities | 500.45 | |
| 1 | Other current liabilities | 500.45 |
| Total of other current liabilities | 500.45 | |
| Provisions, current | 0.00 | |
| Current tax liabilities (Net) | ||
| Deferred government grants, Current | ||
| Total current liabilities | 8,189.43 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | |
| Total liabilities | 24,105.33 | |
| Total equity and liabilites | 1,08,410.07 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (32,618.12) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 0.71 | |||||
| Adjustments for decrease (increase) in inventories | 496.98 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 16,520.89 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 7,098.77 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 714.12 | |||||
| Adjustments for other financial assets, current | (6.89) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (1,470.21) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 6,018.01 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | (239.11) | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 0.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | (325.26) | |||||
| Other adjustments for non-cash items | (25.00) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 28,783.01 | |||||
| Net cash flows from (used in) operations | (3,835.11) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (3,835.11) | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 58,877.64 | |||||
| Purchase of property, plant and equipment | 0.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 6.89 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | 58,884.53 | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | (1,111.63) | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 0.71 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (55,890.55) | |||||
| Net cash flows from (used in) financing activities | (57,002.89) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (1,953.47) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 1,840.93 | |||||
| Net increase (decrease) in cash and cash equivalents | (112.54) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 253.87 | |||||
| Cash and cash equivalents cash flow statement at end of period | 141.33 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/s. ASKM & Co | Yes | 31-03-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 1,611.51 | 1,611.51 |
| 2 | Total Expenditure | 34,229.62 | 34,229.62 |
| 3 | Net Profit/(Loss) | (32,618.12) | (32,618.12) |
| 4 | Earnings Per Share | -5.77 | 5.77 |
| 5 | Total Assets | 26,623.64 | 26,623.64 |
| 6 | Total Liabilities | 4,601.76 | 4,601.76 |
| 7 | Net Worth | 22,021.88 | 22,021.88 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Whether appeared first time | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Whether appeared first time | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Whether appeared first time | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| Textual Information(1) | A. Non-Conduct of Asset Impairment Test (Ind AS 36 - Impairment of Assets) As required under Ind AS 36, the Company has not performed impairment testing of Property, Plant and Equipment (PPE), investments, and other financial assets despite the presence of impairment indicators such as: The Company has recognized impairment loss in respect of fixed assets amounting to Rs.58,748.44 lakhs However, the impairment assessment has not been supported by adequate documentation and appropriate determination of recoverable amount as required under Ind AS 36 Impairment of Assets. In the absence of sufficient and appropriate audit evidence regarding the assumptions used in estimating future cash flows and discount rates, we are unable to determine whether any adjustment is necessary to the carrying value of such assets. Accordingly, our opinion is qualified in respect of this matter. In the absence of an impairment assessment or external valuation, we are unable to determine the potential adjustments, if any, required to the carrying value of these assets. |
|---|---|
| Textual Information(2) | Not quantified |
| Textual Information(3) | After the take over of the company through CIRP, an independent valuation of Land, Building, and Plant & Machinery was carried out by a qualified valuer dated 11.07.2025 by the new management. Based on the said valuation, the impairment loss of Rs. 58,748.44 lakhs has been recognized in the financial statements. The management believes that the valuation report provides a reasonable basis for determining the recoverable amount of the assets. Further, the Company is in the process of strengthening the supporting documentation and assumptions in line with the requirements of Ind AS 36. |
| Textual Information(4) | After the take over of the company through CIRP, an independent valuation of Land, Building, and Plant & Machinery was carried out by a qualified valuer dated 11.07.2025 by the new management. Based on the said valuation, the impairment loss of Rs. 58,748.44 lakhs has been recognized in the financial statements. The management believes that the valuation report provides a reasonable basis for determining the recoverable amount of the assets. Further, the Company is in the process of strengthening the supporting documentation and assumptions in line with the requirements of Ind AS 36. |
| Textual Information(5) | Refer to Basis for Qualified Opinion in the Auditor's Report. |
| Textual Information(6) | B. Investment in Unquoted Equities (Ind AS 109 - Financial Instruments) The parent Company had made investment in its subsidiary amounting to Rs.13,993.47 Lakhs since 2007 has been carry forward at cost, However, the current fair value of these investments has not been ascertained by the management, no valuation study has been conducted to assess potential impairment, Consequently, recoverability of this investment is uncertain. We did not audit the financial statements of Digitech Systems Pvt Ltd, which reflects total assets of Rs. 9.43 Lakhs as of March 31, 2026, and a net loss after tax Nil. These financial statements have not been reviewed or audited by us, and we have relied solely on management representations. Our opinion is qualified in respect of this matter. We have audited the financial statements of the three wholly owned subsidiaries included in the consolidated financial statements, namely Neueon Enterprises Limited, Neueon Global Limited and Neueon Power Limited, which have been considered in the preparation of the consolidated financial statements. Our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the aforesaid financial statements audited by us. |
| Textual Information(7) | Not quantified |
| Textual Information(8) | Pursuant to the CIRP and change in management, the investment in the subsidiary amounting to Rs. 13,993.47 lakhs continues to be carried at cost. The subsidiary has not undertaken any business operations for the past several years and audited financial statements have not been received for several years. Considering the uncertainty in recoverability, the new management is in the process of disinvestment of the said investment and has accordingly created a provision in the financial statements. |
| Textual Information(9) | Pursuant to the CIRP and change in management, the investment in the subsidiary amounting to Rs. 13,993.47 lakhs continues to be carried at cost. The subsidiary has not undertaken any business operations for the past several years and audited financial statements have not been received for several years. Considering the uncertainty in recoverability, the new management is in the process of disinvestment of the said investment and has accordingly created a provision in the financial statements. |
| Textual Information(10) | Refer to Basis for Qualified Opinion in the Auditor's Report. |
| Textual Information(11) | The Company has not established a formal system for periodic impairment testing of assets, particularly in relation to Property, Plant and Equipment, and other financial assets as required under Ind AS 36. This indicates a material weakness in internal controls over assessment of impairment of assets. |
| Textual Information(12) | Not quantified |
| Textual Information(13) | The company is establishing a robust internal control framework and periodic review cycles now that the new Board and New Management are operational. |
| Textual Information(14) | The company is establishing a robust internal control framework and periodic review cycles now that the new Board and New Management are operational. |
| Textual Information(15) | Refer to Basis for Qualified Opinion in the Auditor's Report. |
| Name of CEO / Managing director | Sudheer Rayachoti |
|---|---|
| Name of CFO | V. Naveen Babu |
| Name of audit committee chairman | PURUSOTHAMA REDDY MARRIKUNTA |
| Name of statutory auditor | A S K M & Co. |
| Name of other signatory, if any, with designation | |
| Place | Hyderabad |
| Date | 01-05-2026 |