Digjam Board Approves FY26 Audited Results; Appoints New Auditors
Digjam Limited's Board approved audited financial results for FY26, reporting a net loss of ₹99.80 lakhs and total comprehensive loss of ₹97.90 lakhs. M/s. G. M. Kapadia & Co. were appointed Internal Auditors and M/s K.G. Goyal & Co. as Cost Auditors for FY27. The company declared unmodified audit opinions for the financial year.
The approval of financial results and appointment of auditors are routine corporate actions. However, the reported net loss and the ongoing restructuring plans, along with a pending scheme of arrangement, have a moderate impact on the company's outlook.
While the company reported its financial results and appointed auditors, the overall financial performance indicates a loss, leading to a neutral sentiment. The unmodified audit opinion is a positive aspect.
Digjam Limited announced the outcome of its Board Meeting held on May 23, 2026. The Board considered and approved the Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the draft Statutory Auditor’s Report. The meeting also saw the approval for the appointment of M/s. G. M. Kapadia & Co. as the Internal Auditor for the financial year 2026-2027 and the appointment of M/s K.G. Goyal & Co. as Cost Auditors for the same financial year, subject to the Audit Committee's recommendation and fixation of their remuneration.
The company also declared that the Statutory Auditors have issued an Auditor's Report with unmodified opinions on the Audited Financial Results for the quarter and financial year ended March 31, 2026. The Board Meeting commenced at 01:35 PM and concluded at 02:05 PM. In preparation for the Board Meeting, the trading window for dealing in the company's shares was closed from April 01, 2026, until 48 hours after the declaration of the financial results.
Financially, for the year ended March 31, 2026, Digjam reported a net loss of ₹99.80 lakhs. The company incurred a total comprehensive loss of ₹97.90 lakhs for the year. Operations at the Jamnagar facility have been discontinued effective March 31, 2025, with related assets classified as 'Non-Current Assets Held for Sale'. The financial statements have been prepared on a going concern basis, reflecting management's plans for asset realization and restructuring. The company also noted that a Scheme of Arrangement involving the demerger of the Textile undertaking of Reid and Taylor International Private Limited (RTIL) into Digjam was approved by the Board on June 29, 2025, with an appointed date of July 1, 2025, though its effect is pending requisite approvals.
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Digjam Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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