Submission of un-audited financial results for the second quarter and half year ended 30th September, 2025
Awaiting price reaction for this filing.
Neogem India Ltd, a gems and jewellery company based in Mumbai's SEEPZ, has filed its unaudited results for the quarter and half-year ended 30 September 2025. The company has not carried out manufacturing activities since 1 January 2018 and is currently in the process of restructuring and reviving its business. The financial statements were prepared on a going-concern basis, assuming a successful revival outcome. Revenue from operations remains negligible across reported periods, and the company reported a loss before tax for the quarter and half-year. Trade receivables of around Rs. 41.10 crore have been outstanding for over three years, and current liabilities exceed current assets. The company has working capital loans and cash credit facilities from Punjab National Bank and Bank of India, and has received a notice under Section 13(4) of the SARFAESI Act. Bank balance confirmations have been pending since 31 March 2016, and a Director (Ronak Doshi) has issued a token towards a One Time Settlement.
Shareholders should note serious going-concern risks — the company has been inactive since 2018, carries large unrecovered receivables, has unresolved bank exposure with SARFAESI action, and continues to report losses. Stock price implications are negative given weak operations and ongoing revival uncertainty, though any successful OTS or revival could be a potential upside trigger.