5328872026-01-012026-03-315328872026-03-315328872025-03-315328872025-04-012026-03-315328872026-01-012026-03-31in-capmkt:OtherExpenses1Member5328872025-04-012026-03-31in-capmkt:OtherExpenses1Member5328872026-03-31OtherCurrentAssetsDomain15328872026-03-31OtherCurrentFinancialLiabilitiesDomain15328872026-03-31OtherCurrentLiabilitiesDomain15328872026-01-012026-03-31AuditorDomain15328872026-01-012026-03-31in-capmkt:AuditedMember5328872026-03-31in-capmkt:AuditedMember5328872026-01-012026-03-31in-capmkt:AdjustedMember5328872026-03-31in-capmkt:AdjustedMember5328872026-01-012026-03-31AuditQualification15328872026-01-012026-03-31AuditQualification25328872026-01-012026-03-31AuditQualification3iso4217:INRiso4217:INRxbrli:shares532887NEUEONNOTLISTEDINE333I01044Neueon Corporation LimitedMain BoardEquity2025-04-012026-03-312026-05-012026-04-27INRLakhsQuarterlyFourth quarterSingle segmentManufacturing2026-05-0114:00:002026-05-0116:30:00trueCash Flow IndirectStatement on impact of audit qualification2026-01-012026-03-31AuditedConsolidated61711000669000623800005408000150040009300016920004000019742470001996448000-1934068000-129879000-20639470000000-20639470000000-20639470000-20639470005654460001-36.5-36.500-36.5-36.51 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. <BR> 2 The Company is principally engaged in single business segment and operates in one geographical segment as per on"Segment Reporting'. Accordingle,the company has made no segment reporting <BR> 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. <BR> 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. <BR> 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. <BR> 6 Figures of the previous quarters/period have been regrouped and reclassified wherever necessary. <BR> 7 The above results will be placed on Website www.neueon.in <BR> 2025-04-012026-03-31AuditedConsolidated159731000141900016115000054080001072830009300070830007200060180100019913450002713085000-2551935000-709877000-32618120000000-32618120000000-32618120000-32618120005654460001-3261812000-5.77-5.7700-5.77-5.77Other Expenses1974247000Other Expenses199134500070616470000027000000706167400049698000034344640001871000000345317400027646100037793330001084100700056544600078650280008430474000843047400000015915900001591590000523992000016304200016304200081864000768898000500450000818943000241053300010841007000Other current assets276461000Other current financial liabilities81864000Other current liabilities50045000710004969800016520890000709877000071412000-6890000-147021000000601801000000-2391100000000000-32526000-250000002878301000-38351100000000-383511000000000005887764000000000000000000000068900000588845300000000000-111163000000710000-5589055000-5700289000-195347000184093000-112540002538700014133000AuditedQualified opinionM/s. ASKM & Cotrue2027-03-3116115100016115100034229620003422962000-3261812000-3261812000-5.775.772662364000266236400046017600046017600022021880002202188000A. Non-Conduct of Asset Impairment Test (Ind AS 36 - Impairment of Assets) <br></br> 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: <br></br> <br></br> 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. <br></br> 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. <br></br> <br></br> 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.Qualified opinionWhether appeared first timeNot quantifiedAfter 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.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.Refer to Basis for Qualified Opinion in the Auditor's Report.B. Investment in Unquoted Equities (Ind AS 109 - Financial Instruments) <br></br> <br></br> 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. <br></br> <br></br> 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. <br></br> <br></br> 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. <br></br> <br></br> 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.Qualified opinionWhether appeared first timeNot quantifiedPursuant 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. <br></br> <br></br> 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.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. <br></br> <br></br> 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.Refer to Basis for Qualified Opinion in the Auditor's Report.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.Qualified opinionWhether appeared first timeNot quantifiedThe company is establishing a robust internal control framework and periodic review cycles now that the new Board and New Management are operational.The company is establishing a robust internal control framework and periodic review cycles now that the new Board and New Management are operational.Refer to Basis for Qualified Opinion in the Auditor's Report.Sudheer RayachotiV. Naveen BabuPURUSOTHAMA REDDY MARRIKUNTAA S K M & Co.Hyderabad2026-05-01