Revised Outcome of the Board Meeting held on August 30, 2025
Awaiting price reaction for this filing.
Neogem India's board approved its audited FY25 results showing near-zero revenue of just Rs. 0.09 lakh and a net loss of Rs. 31.56 lakhs, narrower than the Rs. 80.17 lakh loss in FY24. Manufacturing has been completely shut since January 1, 2018, and the company is relying solely on hopes of a business revival. The auditor issued an adverse opinion citing material uncertainty on going concern — bank loans of around Rs. 11 crore from Punjab National Bank and Bank of India have been classified as Non-Performing Assets since March 2016, with SARFAESI recovery action already initiated. If provisions are made for Rs. 41.10 crore in unconfirmed sundry debtors (outstanding for over 3 years), the company's net worth would swing to a deeply negative Rs. 35.72 crore. This is the third consecutive year the company has carried audit qualifications on its books.
Neogem is effectively a non-operational, distressed shell company with severe going-concern risk and a near-zero balance sheet — shareholders face a real risk of value erosion or delisting, and any near-term price move is likely to depend on a credible revival or settlement plan rather than operating performance.