Let $λ\geq2$ be an integer. For strongly regular graphs with parameters $(v, k, a,c)$ and smallest eigenvalue $-λ$, Neumaier gave two bounds on $c$ by using algebraic property of strongly regular graphs. In this paper, we will study a new class of regular graphs called sesqui-regular graphs, which contains strongly regular graphs as a subclass, and prove that for a sesqui-regular graph with parameters $(v,k,c)$ and smallest eigenvalue at least $-λ$, if $k$ is very large, then either $c \leq λ^2(λ-1)$ or $v-k-1 \leq \frac{(λ-1)^2}{4} + 1$ holds.