Neogem India Ltd

⚠️ Neogem India Ltd’s Financial & Compliance Challenges: Key Updates

- Net loss of ₹31.56 lakh for FY25, down from ₹80.17 lakh in FY24.

- Negative net worth of ₹35.72 crore as of March 31, 2025.

- Unconfirmed sundry debtors of ₹41.11 crore.

- Defaulted on repayments to Punjab National Bank & Bank of India (NPAs since 2016).

- Auditors issued adverse opinion, citing inability to repay liabilities.

- No internal auditor appointed; inadequate financial controls.

- No manufacturing activity since January 2018; no revival plans.

- Pending VAT disputes worth ₹1.87 crore.

- Cash reserves at ₹16.66 lakh (March 31, 2025), minimal operational cash flow.

- Bank accounts frozen since March 2021; listing fees unpaid.

- No dividend recommended for FY25.

- No structured digital database maintained per SEBI insider trading rules.

- 34th AGM scheduled for December 27, 2025, to approve financials and director appointments.