Appointment of Cost Auditor and Internal Auditor for the financial year 2026-27
DIGJAMLMTD · price
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Digjam Ltd's Board of Directors met on May 23, 2026, and approved two key appointments: M/s G.M. Kapadia & Co. as Internal Auditor and M/s K.G. Goyal & Co. as Cost Auditor, both for FY 2026-27. Simultaneously, the company released its audited financial results showing total comprehensive loss of Rs 97.90 lakhs for FY 2025-26. The company's continued operations generated revenue of Rs 3,327.94 lakhs with profit before tax of Rs 232.55 lakhs, but discontinued operations (Jamnagar manufacturing unit closed March 31, 2025) resulted in a loss of Rs 332.35 lakhs. The auditors flagged a material uncertainty regarding going concern as current liabilities exceed current assets by Rs 2,191.48 lakhs. The company is pursuing a scheme of arrangement involving demerger from Reid and Taylor International Private Limited.
The appointment of new auditors reflects routine annual compliance and does not indicate governance concerns. However, the ongoing losses, discontinued manufacturing operations, and going concern uncertainty from auditors signal significant financial stress that shareholders should monitor closely.