Digjam Limited Approves Financial Results and Appoints New Auditors
Digjam Limited held its Board of Directors meeting on May 23, 2026, during which the company considered and approved the Audited Financial Results for the quarter and financial year ended March 31, 2026. The board also approved the appointment of new internal and cost auditors for the financial year 2026-2027.During the meeting, the board addressed key corporate governance matters, including the appointment of M/s. G. M. Kapadia & Co. as the Internal Auditor for the Financial Year 2026-2027. The company also considered the appointment of Cost Auditors for the same period, with the details being set to be fixed by the Audit Committee.
Financial Highlights and Audited Results
The approved financial results for the year ended March 31, 2026, reveal a significant operational shift, particularly concerning the cessation of operations at the company's sole manufacturing facility in Jamnagar effective March 31, 2025. The related assets have been classified as "Non-Current Assets Held for Sale" under Ind AS 105, carrying a value of ₹5,318.53 lakhs.The company reported a total comprehensive loss of ₹97.90 lakhs for the year ended March 31, 2026. The balance sheet data as of March 31, 2026, showed total assets of ₹7,502.22 lakhs, against total equity of ₹441.70 lakhs.
The following table summarizes key financial position data:
| Metric (Amount in Rupees Lakhs) | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 7,502.22 | 8,084.29 |
| Total Equity | 441.70 | 539.60 |
| Total Liabilities | 7,060.52 | 7,544.69 |
| Current Liabilities | 4,351.84 | 2,827.79 |
| Total Non-Current Assets | 23.33 | 45.03 |
| Total Current Assets | 2,160.36 | 2,325.14 |
Auditor Appointments and Corporate Activities
The board meeting meeting on May 23, 2026, detailed the appointment of new statutory and cost auditors.The appointed auditors are detailed below:
| Auditor Type | Firm Name | Reason for Appointment | Financial Year |
|---|---|---|---|
| Internal Auditor | M/s. G. M. Kapadia & Co. | Appointment | 2026-2027 |
| Cost Auditor | M/s K.G. Goyal & Co | Appointment | 2026-2027 |
Comprehensive Financial Data
The full financial results for the quarter and year ended March 31, 2026, presented Rupees Lakhs, showed the following net profit/loss figures:| Period | Profit/(Loss) before Tax from Continued Operations | Net Profit/(Loss) for the Period | Total Comprehensive Income/(Loss) |
|---|---|---|---|
| Year ended March 31, 2026 | 232.55 | (99.80) | (97.90) |
| Year ended March 31, 2025 | 197.92 | (1,060.49) | (1,044.08) |
The audited statement of cash flows indicated that Net Cash used in Operating Activities for the year ended March 31, 2026, was (₹461.28) lakhs, compared to (₹1,875.82) lakhs for the corresponding year in 2025.
The company's financial statements provide insights into significant changes, including the total comprehensive loss of ₹97.90 lakhs for the year ended March 31, 2026. The results were noted to be prepared on a going concern basis, based on management's plans for realization of assets held for sale, cost optimization, and strategic restructuring.
DIGJAMLMTD Stock Price Movement
On Friday, Digjam Limited shares slipped by 1.11% to settle at ₹47.69. The stock recorded a trading volume of 1,362 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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