In terms of Regulation 30 read with Part A of Schedule III and other applicable Regulation of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 we wish to inform ....
Awaiting price reaction for this filing.
Neogem India Ltd's board met on August 23, 2025 and approved unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported zero revenue from operations and other income of just Rs. 0.04 lakh, resulting in a net loss of Rs. 25.01 lakh for the nine-month period (vs. a loss of Rs. 75.96 lakh a year ago). The auditor issued a Disclaimer of Opinion, flagging material uncertainty about the company's ability to continue as a going concern. Manufacturing has been shut down since January 1, 2018, and bank accounts (with PNB and Bank of India) have been classified as NPAs since 2015-16, with SARFAESI action initiated.
This is a deeply distressed small-cap stock with a non-operating business, negative net worth, and unresolved bank defaults. Shareholders should treat this as a high-risk situation — the company is dependent on a revival/resolution plan that has not yet materialized, and the auditor's disclaimer raises serious doubts about its survival. Expect continued price pressure and illiquidity.