Neogem India Ltd — Important, 20-05-2026: Company Update

The company announced its annual financial results with an adverse audit opinion, citing significant doubt about its ability to continue operations given its inability to repay liabilities. Auditors highlighted a 0.21 Cr loss, a potential negative net worth of 35.03 Cr if unrealized debtors are provisioned, and 41.11 Cr in unconfirmed old debtors. Bank limits of 10 Cr and 5 Cr are Non-Performing Assets since 2016, with unprovided interest. The company, which ceased manufacturing in 2018, aims for revival but lacks a concrete plan. This filing also corrected a previous Form B signature omission.