1. Considered and approved the Un-Audited Financial Results of the Company for the first quarter ended 30th June, 2025 as prescribed under Regulation 33 of the SEBI (Listing Obligations ....
Awaiting price reaction for this filing.
Neogem India's Board, on 9 December 2025, approved un-audited financial results for Q1 (ended 30 June 2025) and Q2/H1 (ended 30 September 2025) FY26, along with the Limited Review Reports for both periods. The company, which has not been in manufacturing since January 2018, is in the process of restructuring/revival of its gems & jewellery business. Financial statements have been prepared on a going-concern basis in anticipation of successful revival. Notes flag that current liabilities exceed current assets, with a provision of about Rs. 41.10 crore against old doubtful debtors, unpaid rental/water charges of about Rs. 1.92 crore, and bank balance confirmations pending since March 2016. A Director has issued a token towards a One-Time Settlement (OTS) with lenders.
Despite the delayed approvals (results for Q1 and Q2 being filed together in December), the filing highlights serious stress signals: a dormant business, negative operating cash flows, current liabilities exceeding current assets, and unresolved bank confirmations. Shareholders should view this as a high-risk turnaround story rather than a normal operational update, and any positive move in the stock is contingent on the revival and OTS actually succeeding.