Neogem India Limited has scheduled its 35th Annual General Meeting for September 30, 2026, at Hotel Suncity Premiere in Mumbai. The company will facilitate remote e-voting through National Securities Depository Limited (NSDL).

The meeting aims to transact business as detailed in the notice sent alongside the Annual Report for FY26. Shareholders can participate via remote e-voting or by poll at the venue located at A-1, MIDC Central Road, SEEPZ, Andheri (East).

Voting and Record Date

The register of members and share transfer books will remain closed from September 23, 2026 to September 30, 2026, both days inclusive. This closure determines eligibility for voting rights at the AGM.

The process complies with Regulation 42 of the SEBI Listing Regulations and Section 91 of the Companies Act, 2013.

E-voting Schedule

The company has engaged NSDL to provide the platform for remote e-voting. The cut-off date for e-voting purposes is Wednesday, September 23, 2026. The notice dispatch was completed on Tuesday, September 8, 2026.

Remote e-voting will commence on Sunday, September 27, 2026 at 9:00 am and end on Tuesday, September 29, 2026 at 5:00 pm. Members who have cast their votes remotely cannot change them or vote again at the venue.

Document Access and Email Registration

The Notice of the AGM and the Annual Report for FY26 will be sent electronically only to members with registered email addresses as on Friday, September 4, 2026. Physical copies are not being dispatched as per Ministry of Corporate Affairs circulars.

Shareholders can access the documents on:

• The company website
• BSE Limited website
• NSDL e-voting portal

Members holding shares in demat mode should update their email details with their depository participants. Those holding physical shares must submit the ISR-1 form with supporting documents to register or update their contact information.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company published newspaper advertisements in Active Times and Mumbai Lakshdeep on September 10, 2026, to inform shareholders of the meeting date and venue.

Mr. Hemanshu Kapadia, Proprietor of M/s. Hemanshu Kapadia & Associates, has been appointed as the Scrutinizer to ensure a fair and transparent e-voting process.

Neogem India Limited reported a net loss of ₹20.86 lakh for the financial year ended March 31, 2026, an improvement from the ₹31.56 lakh loss recorded in the previous year. The company has ceased all production activities since January 2018 due to adverse market conditions and fierce competition.

The statutory auditors issued an adverse opinion on the financial statements. They highlighted material uncertainty regarding the company's ability to continue as a going concern, noting that the firm is unable to repay its current and non-current liabilities. Consequently, the auditors stated that the financial statements do not give a true and fair view of the company's affairs.

Financial Performance

The reduction in the loss was driven by a decrease in total expenditure from ₹31.65 lakh in FY25 to ₹20.86 lakh in FY26. The company reported no revenue from operations during the year under review. Other income also stood at nil, compared to ₹0.09 lakh in the prior year.

Balance Sheet Signals

The balance sheet reflects significant liquidity constraints. Trade receivables remain stagnant at ₹4,110.67 lakh, with the entire amount outstanding for more than three years and unconfirmed by parties. The auditors recommended making a provision for these unrealized debts. Conversely, trade payables stood at ₹1,596.33 lakh, with the majority also outstanding for over three years.

Cash and cash equivalents remained flat at ₹16.66 lakh. Borrowings totalled ₹1,792.76 lakh, comprising secured loans from Punjab National Bank and Bank of India, which have been classified as non-performing assets since March 2016. The company has not received balance confirmations from these banks since that date.

What the Numbers Show

The divergence between the reported net loss and the underlying financial health is stark. While the P&L shows a narrowing loss due to reduced operational expenditure, the balance sheet reveals a negative net worth of ₹35.93 crore. The auditors noted that if provisions for unrealized sundry debtors were made, current liabilities would exceed current assets. This indicates that the reported loss of ₹20.86 lakh understates the true financial position given the unquantified interest liabilities on frozen bank accounts.

Governance and Compliance

The company faces multiple regulatory compliance issues. The secretarial audit report noted failures in appointing an internal auditor, timely payment of annual listing fees, and delayed approval of quarterly financial results. Additionally, the company's bank accounts have been frozen by the Deputy Commissioner of Sales Tax, Maharashtra, since March 2021, leading to the suspension of trading in its securities on BSE Limited since July 2022.