This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors, at its meeting held today i.e. ....
DIGJAMLMTD · price
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Digjam Ltd's Board approved audited financial results for FY26 (ending March 2026). Revenue from continuing operations grew 83% to ₹3,327.94 lakhs, with continuing operations profit of ₹232.55 lakhs. However, total comprehensive loss stood at ₹97.90 lakhs due to a ₹332.35 lakh loss from discontinued operations (Jamnagar manufacturing facility shut in March 2025). The company's current liabilities exceed current assets by ₹2,191.48 lakhs, and total equity has shrunk to ₹441.70 lakhs. Assets held for sale (former manufacturing facility) are valued at ₹5,318.53 lakhs. The Board also appointed M/s G.M. Kapadia & Co as Internal Auditor and M/s K.G. Goyal & Co as Cost Auditor for FY27. Statutory auditors issued an unmodified opinion but flagged material uncertainty about the company's ability to continue as a going concern. A demerger scheme with Reid and Taylor International is pending regulatory approvals.
Despite improved operational performance, the company faces severe financial stress with negative equity and negative working capital. The going concern warning from auditors is a significant risk for shareholders. The pending demerger scheme could provide a restructuring lifeline.