Neogem India Ltd

Neogem India Q3 Results: Losses Mount Amid Business Struggles 📉

- Reported Q3 2025 loss: ₹18,79,909; negative net worth: ₹35,91,05,130.

- Manufacturing operations stopped since January 1, 2018; restructuring efforts ongoing.

- Financial statements prepared on a going concern basis, but significant doubts exist about continuity.

- Outstanding sundry debtors: ₹41,10,67,159 (unconfirmed, overdue for >3 years).

- Secured working capital loans from Punjab National Bank (₹10Cr) and Bank of India (₹3Cr), classified as NPAs since FY 2015-16.

- Punjab National Bank initiated SARFAESI Act proceedings for recovery.

- Auditors issued adverse opinion, citing material uncertainties and undisclosed financial info.

- Key audit concerns: unconfirmed bank balances, ₹1.92Cr rent provisions, disputed receivables.

- Results available on BSE and company website (www.neogemindia.com).