NEOGEM INDIA LIMITED was incorporated on 25th September, 1991 as a Public Limited Comp. & obtained a Certificate of Commencement of business on 9th December, 1991. The Comp. took over the business of partnership firm, M/s. Neogem India, along with all its assets & liabilities with effect from 28th March, 1992, including its processing facility for cut & polished diamonds at Bhavnagar, Gujarat for a total consideration of Rs.7,44,776/- vide an agreement dated 28th March, 1992 in that behalf. There is no pending litigation against the Bhavnagar unit which has been taken over by Company. A modern factory for diamond cutting & polishing was set up in a readymade shed acquired from GIDC & the unit was registered with Directorate of Industries as a Unit.
M/s. Neogem India had earlier applied for a licence for manufacture of plain gold jewellery & studded gold jewellery at SEEPZ, Bombay & were issued a Letter of Intent in this behalf in February 1991, which project is being currently actively implemented by Company. The Company Bhavnagar unit is already in commercial production & its Products are being exported to various countries like Belgaum, Hongkong & Singapore.B
2008
-Neogem India Ltd has informed that the Comp. is delisted from the Ahmedabad Stock Exchange Ltd [ASEs] with effect from June 26, 2008.