Neogem India's auditors issued an adverse opinion due to material uncertainty over its going concern status and inability to repay liabilities.
The company reported a net loss of ₹20.86 lakh for FY26 with negative net worth of ₹35.93 crore and unprovided doubtful debts of ₹41.11 crore.
Bank facilities from PNB and BOI totaling ₹15 crore were classified as NPAs since 2016 with unprovided interest liabilities.
The board approved FY26 financial results and appointed Hemanshu Kapadia & Associates as secretarial auditors for 2026-27.