Submission of Un-audited financial results for the first quarter ended June 30, 2025
Awaiting price reaction for this filing.
Neogem India Ltd has filed its un-audited results for Q1 FY26 and the half-year ended September 2025. The company has had zero revenue from operations across all reported periods, as it has stopped all manufacturing activities since January 2018 and is currently in a restructuring/revival phase. The financial statements are prepared on a going-concern basis, anticipating a successful revival. Key concerns flagged in the notes include: trade receivables of around Rs. 41.10 crores outstanding for over three years with no confirmations, the company's current liabilities exceeding current assets, secured working capital loans from Punjab National Bank and Bank of India, and no bank balance confirmations since March 2016. A Director (Ronak Doshi) has issued a token towards a One-Time Settlement (OTS), and cash flow from operations remains negative at Rs. (16.83) lakhs for H1 FY26.
This is a deeply distressed, essentially dormant company with no operating revenue, mounting unconfirmed liabilities, and reliance on a successful business revival or OTS to continue as a going concern. The stock is high-risk and suitable only for speculative investors aware of the possibility of total loss; the delayed filing (December 2025 for June/September 2025 quarters) is also a red flag on governance.