Financial Results for the fourth quarter and financial year ended March 31, 2026
Awaiting price reaction for this filing.
Neogem India Ltd has reported a loss of Rs 20.86 lakhs for FY2026, compared to a loss of Rs 31.65 lakhs in the previous year. The company has stopped all manufacturing activities since January 2018 and is seeking business revival. Auditors Ashok Bairagra & Associates have issued an ADVERSE OPINION, stating the company is unable to repay its liabilities and questioning its ability to continue as a going concern. The company has a negative net worth of Rs 35.93 crores as of March 31, 2026. Trade receivables worth Rs 41.10 crore have been outstanding for over three years and remain unconfirmed by parties. Bank facilities of Rs 10 crore (Punjab National Bank) and Rs 5 crore (Bank of India) have been classified as Non-Performing Assets since 2016.
This is a highly distressed company with auditors raising serious concerns about its viability as a going concern. Shareholders face extreme risk as the company has negative net worth, non-performing bank loans, and no active business operations since 2018. The adverse audit opinion and going concern doubts make this stock extremely high-risk.