Neogem India Ltd — Important, 17-12-2025: Company Update

Neogem India has released updated financial results for the latest quarter and half-year, correcting an earlier omission of the limited review report. Auditors issued an adverse opinion, citing major 'going concern' doubts due to the company's inability to repay liabilities and non-disclosure of this critical fact in financials. Manufacturing halted in 2018 with no clear restart plans, making auditors question its long-term viability. Significant financial red flags include a negative net worth of about 35.89 Cr, unconfirmed doubtful debtors of 41.11 Cr, and 15 Cr in non-performing bank loans with unaccounted interest.