Digjam Limited Appoints New Internal and Cost Auditors for FY27; Approves Audited Results
Digjam Limited reported audited results for FY26, with a net loss of ₹99.80 lakhs for the year, an improvement from FY25's ₹1,060.49 lakh loss. Revenue from operations was ₹3,327.94 lakhs. The company appointed M/s. G. M. Kapadia & Co. as Internal Auditor and M/s. K. G. Goyal & Co. as Cost Auditor for FY27. Auditors issued an unmodified opinion but noted going concern uncertainty.
The appointment of new auditors and approval of financial results are routine corporate actions. The improvement in the annual loss is positive, but the continued uncertainty about the going concern and the quarterly loss temper the impact.
While the company reported an improvement in net loss for the full year and appointed new auditors, the ongoing material uncertainty regarding the going concern and the net loss for the quarter indicate a neutral sentiment.
Digjam Limited's Board of Directors, in a meeting held on May 23, 2026, approved the audited financial results for the quarter and financial year ended March 31, 2026. The board also approved the appointment of M/s. G. M. Kapadia & Co. as the Internal Auditor and M/s. K. G. Goyal & Co. as the Cost Auditor for the financial year 2026-2027.
The company reported a net loss of ₹72.78 lakhs for the quarter ended March 31, 2026, compared to a profit of ₹51.22 lakhs in the same quarter of the previous year. For the full financial year ended March 31, 2026, the company posted a net loss of ₹99.80 lakhs, a significant improvement from the loss of ₹1,060.49 lakhs in the prior year.
Revenue from operations for the quarter stood at ₹820.58 lakhs, up from ₹618.41 lakhs in the corresponding quarter of FY25. For the full year, revenue from operations was ₹3,327.94 lakhs, an increase from ₹1,819.83 lakhs in FY25.
The audited financial results for the year ended March 31, 2026, received an unmodified opinion from the statutory auditors, Nayan Parikh & Co. However, the auditor's report highlighted a material uncertainty related to the company's ability to continue as a going concern, citing a total comprehensive loss of ₹97.90 lakhs for the year and current liabilities exceeding current assets by ₹2,191.48 lakhs. The company's sole manufacturing facility in Jamnagar has been discontinued since March 31, 2025.
The trading window for dealing in the company's shares was closed from April 01, 2026, until 48 hours after the declaration of the audited financial results.
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