Neogem India Ltd — Others, 23-08-2025: Result

Neogem India has released its un-audited financial results for the third quarter and nine months ended December 31, 2024, reporting a net loss of 0.25 Cr for the nine-month period and no revenue from operations. Auditors issued an adverse opinion and a disclaimer, citing significant concerns about the company's ability to continue as a going concern. The company stopped manufacturing in 2018, holds a negative net worth of 35.66 Cr, and has loans totaling 15 Cr classified as Non-Performing Assets, with legal action initiated. Unconfirmed debtors of 41.11 Cr and creditors of 15.99 Cr, alongside frozen bank accounts, underscore severe operational and financial challenges.