Digjam Limited has informed the Exchange about change in Management
DIGJAMLMTD · price
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Digjam Limited reported audited financial results for FY2026 with total comprehensive loss of ₹97.90 lakhs. While continuing operations showed profit of ₹232.55 lakhs (vs ₹197.92 lakhs in FY2025), discontinued operations at the Jamnagar manufacturing facility reported a loss of ₹332.35 lakhs. Revenue from operations nearly doubled to ₹3,327.94 lakhs from ₹1,819.83 lakhs YoY. The company's current liabilities exceed current assets by ₹2,191.48 lakhs, and negative other equity stands at ₹1,558.30 lakhs. The company appointed M/s G. M. Kapadia & Co. as Internal Auditor and M/s K. G. Goyal & Co. as Cost Auditor for FY2026-27. A scheme of arrangement involving Reid and Taylor International Private Limited is pending. The auditors issued an unmodified opinion but flagged material uncertainty about going concern.
The company faces significant financial stress with negative equity and accumulated losses. The going concern uncertainty flagged by auditors suggests elevated risk for shareholders. However, improved operating profitability and asset monetization plans provide some near-term stability. The pending demerger scheme with Reid and Taylor could be a strategic turning point.