Digjam Limited has informed the Exchange regarding Change in Director(s) of the company.
DIGJAMLMTD · price
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Digjam Limited's board, at its August 14, 2025 meeting, approved the re-appointment of three Non-Executive Independent Directors (Ms. Sudha Bhushan, Mr. Duraiswamy Gunaseela Rajan, and Mr. Panchapakesan Swaminathan) for second terms of 5 years, and re-appointed Mr. Hardik Bharat Patel as Whole-Time Director for 5 years effective February 6, 2026, all subject to shareholder approval. The board also appointed M/s. Viral Sanghavi & Associates as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). The company reported Q1 FY26 total income from continuing operations of Rs. 615.78 lakhs and a net profit of Rs. 96.05 lakhs, helped by Rs. 161.82 lakhs profit from discontinued operations. The auditor highlighted a going concern risk: current liabilities exceed current assets by Rs. 544.57 lakhs, manufacturing at Jamnagar was discontinued from March 31, 2025, and a Scheme of Arrangement with Reid & Taylor International is pending.
The director re-appointments signal board continuity with no leadership disruption. However, the going concern qualification, discontinued manufacturing, and dependence on the pending Reid & Taylor demerger scheme are key risks shareholders should track, as these directly affect the company's future viability.