Digjam Limited has informed the Exchange regarding Change in Auditors of the company.
DIGJAMLMTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Digjam Limited held a Board Meeting on May 23, 2026, and approved: (1) Audited Financial Results for Q4 and FY ended March 31, 2026 showing revenue of ₹3,327.94 lakhs (vs ₹1,819.83 lakhs YoY), though net loss of ₹99.80 lakhs from continuing and discontinued operations; (2) Appointment of M/s G. M. Kapadia & Co. as Internal Auditor for FY 2026-27; and (3) Appointment of M/s K.G. Goyal & Co. as Cost Auditor for FY 2026-27. The statutory auditor (Nayan Parikh & Co.) issued an unmodified opinion but flagged a material uncertainty regarding going concern — the company incurred total comprehensive loss of ₹97.90 lakhs, its sole manufacturing facility at Jamnagar has been discontinued, and current liabilities exceed current assets by ₹2,191.48 lakhs. Assets of ₹5,318.53 lakhs are held for sale. A scheme of arrangement with Reid and Taylor International is pending.
The company continues to face severe financial distress with going concern doubts. While revenue improved YoY, the discontinued operations and asset sales indicate ongoing restructuring. Shareholders should monitor the proposed scheme of arrangement and asset realisation plans.