Digjam Limited has informed the Exchange regarding Board meeting held on May 27, 2025.
DIGJAMLMTD · price
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.3 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Digjam Limited's Board approved audited standalone financial results for the quarter and year ended March 31, 2025. The company reported a net loss of Rs. 1,060.49 lakhs for FY25, though narrower than the Rs. 1,206.34 lakh loss in FY24. Continuing operations swung to a profit of Rs. 197.92 lakhs versus a Rs. 350.66 lakh loss last year. The Board approved discontinuation of operations at the Jamnagar manufacturing plant from March 31, 2025, with related assets of Rs. 5,714.12 lakhs classified as 'held for sale.' The statutory auditor flagged a 'material uncertainty related to going concern,' citing a total comprehensive loss of Rs. 1,044.08 lakhs and current liabilities exceeding current assets by Rs. 502.64 lakhs. New Cost Auditors (K G Goyal & Co) and Internal Auditors (G. M. Kapadia & Co) were also appointed for FY26.
Shareholders should note serious red flags: the manufacturing business has been shut down, the company is loss-making, current liabilities exceed current assets, and auditors have flagged going concern uncertainty. Management claims continuity based on selling off non-core assets and restructuring. The stock is highly speculative and recovery depends on successful asset sales and business turnaround.