The meeting of the Board of Directors of our Company was held today; i.e. Tuesday, 20th January, 2026 as scheduled at 03:00 p.m. and concluded at 05:00 p.m. at Hotel Suncity Premiere, A-1, ....
Awaiting price reaction for this filing.
Neogem India's board met on January 20, 2026 and approved the unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a small net loss of about Rs. 18.80 lakh for the quarter, with total revenue remaining negligible. The company has been shut down for manufacturing since January 2018 and is described as being in the process of restructuring and revival, carrying a negative net worth of around Rs. 35.91 crore. The statutory auditor issued an adverse opinion and a disclaimer of opinion, flagging serious going-concern doubts, bank loans classified as non-performing assets since 2016, SARFAESI action by Punjab National Bank, frozen bank balances, and large unconfirmed old receivables of over Rs. 41 crore. The board also approved the appointment of M/s Hemanshu Kapadia and Associates as Secretarial Auditor for FY 2025-26.
This filing highlights a deeply distressed micro-cap with serious going-concern risk, NPA-tagged bank loans, and a negative net worth, making it a high-risk, speculative holding for retail investors. The routine appointment of a secretarial auditor does not address the underlying financial weakness, and shareholders should expect continued volatility and limited near-term recovery prospects.