Neogem India Ltd

Financials & going concern

• Q1 ended 30 Jun 2026: net loss Rs 2.65 lakh.
• Negative net worth as on 30 Jun 2026: Rs 35.96 crore.
• Sundry debtors >3 years: Rs 4.11 crore.
• Stopped manufacturing since 01 Jan 2018; revival plan in process; going concern.
• Auditor's limited review: adverse opinion; material uncertainty on going concern.
• Cash/bank balances unconfirmed and frozen; lenders include PNB and Bank of India; SARFAESI actions.
• Secured working-capital limits: Rs 10 crore (PNB) and Rs 5 crore (BOI).
• Rent & water charges provision >3 years: Rs 1.92 crore.
• Single business segment: manufacturing and sale of Gems & Jewellery.

Financial results approved

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Board took note of Limited Review Report for the period.

Auditor’s report and going concern

• Independent auditor issued adverse opinion on the results.
• Emphasis of matter: going concern uncertainty due to erosion of net worth.

Financial condition and notes

• Company stopped manufacturing since 01-01-2018; revival plan in process.
• Negative net worth of Rs 35.96 crore as of 30 Jun 2026.
• Sundry debtors over 3 years Rs 41.11 crore; unconfirmed.
• Creditors over 3 years Rs 15.93 crore; unconfirmed.
• Cash/bank balances unconfirmed, frozen due to defaults.
• Provision for rent and water charges Rs 1.92 crore outstanding >3 years.
• Audit Committee reviewed results; Board approval date: 12 Aug 2026.
• Single segment: Gems and Jewellery.

Meeting Details

• Date: 12 August 2026; venue: Hotel Suncity Premiere, Seepz, Andheri East, Mumbai 400093

Key Agenda Items

• To consider and approve unaudited Q1 ended 30 June 2026 financial results
• To consider the Limited Review Report for Q1 ended 30 June 2026

Other Notes

• Trading window closed from 01 July 2026 to 14 August 2026 (inclusive)

Dematerialisation status

• Dematerialisation requests were processed and confirmed to the depositories for quarter ended 30 June 2026.
• Securities dematerialised have been listed on the stock exchanges where the existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name updated as registered owner.