Neogem India Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, during a Board meeting held on January 20, 2026. The gems and jewellery company reported a net loss of ₹1.97 lakhs for Q3 FY26, showing improvement from the ₹8.04 lakhs loss recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance reflects ongoing operational challenges, with zero revenue from operations during the quarter. The financial metrics demonstrate the company's current non-operational status:

Nine-Month Performance

For the nine-month period ended December 31, 2025, Neogem India reported improved performance compared to the previous year:

Expense Breakdown

The company's expenses for Q3 FY26 comprised finance costs of ₹1.07 lakhs and other expenses of ₹0.90 lakhs. For the nine-month period, other expenses totaled ₹17.73 lakhs, while finance costs remained at ₹1.07 lakhs.

Corporate Governance Updates

The Board approved the appointment of M/s Hemanshu Kapadia and Associates, Practicing Company Secretaries, as Secretarial Auditors for the financial year 2025-26. The firm, led by Mr. Hemanshu Kapadia (CP No. 2285, Mem No. F3477), brings approximately three decades of experience in company law and secretarial matters.

Business Status and Challenges

Neogem India has suspended manufacturing activities since January 1, 2018, and is currently pursuing business restructuring and revival efforts. The company operates in the gems and jewellery segment and maintains its registered office at SEEPZ (SEZ), Andheri (E), Mumbai. The paid-up equity share capital remains unchanged at ₹817.20 lakhs with a face value of ₹10 per share.

Auditor's Observations

The independent auditor's review report highlighted several material concerns, including the company's negative net worth of ₹35.91 crores as of December 31, 2025. The auditors noted material uncertainty regarding the company's ability to continue as a going concern, citing the company's inability to repay current and non-current liabilities and the suspension of manufacturing operations since 2018.

Neogem India Limited has successfully concluded its 34th Annual General Meeting with all proposed resolutions receiving shareholder approval. The company declared the voting results on December 30, 2025, following the AGM held on December 27, 2025.

Meeting Overview and Participation

The AGM witnessed participation from 24 shareholders out of a total of 4,366 registered shareholders as of the record date. The meeting facilitated voting through both remote e-voting and poll processes, ensuring comprehensive shareholder participation.

The company appointed Mr. Hemanshu Kapadia, Practicing Company Secretary (C.P. No.: 2285, Membership No.: F3477), Proprietor of M/s. Hemanshu Kapadia & Associates, as the scrutinizer to oversee both the remote e-voting process and poll conduct in a fair and transparent manner.

Resolutions Passed

All five resolutions presented at the AGM were approved with requisite majority. The resolutions covered both ordinary business items and special business matters critical to the company's governance structure.

Voting Statistics and Participation

The voting process demonstrated strong support from shareholders across all categories. The company's total paid-up capital of 81,72,000 shares saw significant participation from promoter and promoter group members.

For all resolutions, the promoter and promoter group votes were unanimously in favor, while public non-institutional shareholders showed 97.28% support with only 8 votes against across all resolutions.

Compliance and Documentation

The voting process was conducted in accordance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer submitted separate reports on remote e-voting and poll results, along with a consolidated report combining both voting methods.

The voting results and scrutinizer reports have been posted on the company's website at www.neogemindia.com and on the National Securities Depository Limited's e-voting portal at evoting.nsdl.com. The company has also submitted the results to BSE Limited for record and display on the stock exchange website.

The successful completion of the AGM with unanimous approval of all resolutions reflects strong shareholder confidence in the company's leadership and strategic direction. The appointment of Mrs. Manisha Sanjay Jangli as an Independent Director strengthens the board's governance structure, while the re-appointments of key executives ensure continuity in management.