AGM Details
The 11th Annual General Meeting of Digjam Limited is scheduled to be held on Monday, September 28, 2026, at 11:00 A.M. (IST) through video conferencing mode. The deemed venue is the registered office at Door No. 508/A/6, GVG Nagar, Pushapathur, Swaminathapuram, Palani Taluk, Dindigul District, Tamil Nadu, India, 642113.
Agenda Items
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements for FY 2025-2026 and reports of Board and Auditors
2. To reappoint Sri Ruchit Bharat Patel (DIN: 00603359) who retires by rotation
Special Business:
3. To ratify remuneration of Cost Auditors for FY 2026-2027 at ₹35,000 plus applicable taxes and out-of-pocket expenses
Financial Performance Highlights (FY 2025-2026)
- Revenue from operations and other income: ₹3,350.79 lakh (Previous year: ₹1,839.92 lakh)
- Operating Profit/(Loss) before Interest, Taxes, Depreciation and Amortisation: ₹341.71 lakh (Previous year: ₹333.32 lakh)
- Finance Costs: ₹104.45 lakh (Previous year: ₹133.51 lakh)
- Depreciation: ₹4.71 lakh (Previous year: ₹1.90 lakh)
- Profit/(Loss) before Tax from continued operations: ₹232.55 lakh (Previous year: ₹197.91 lakh)
- Profit/(Loss) after Tax from continued operations: ₹232.55 lakh (Previous year: ₹197.91 lakh)
- Loss after Tax from discontinued operations: ₹(332.35) lakh (Previous year: ₹(1,258.40) lakh)
- Total Comprehensive Loss for the period: ₹(97.90) lakh (Previous year: ₹(1,044.09) lakh)
Capital Structure
- Paid-up Equity Share Capital: ₹2,000 lakh (unchanged during the year)
- Outstanding Preference Share Capital: ₹2,700 lakh as at March 31, 2026
- Equity Shares: 2,00,00,000 shares of ₹10 each
Significant Events During FY 2025-2026
1. Shifted Registered Office from Gujarat to Tamil Nadu effective October 07, 2025
2. Filed Scheme of Arrangement for merger with National Company Law Tribunal
3. Discontinued operations at Jamnagar manufacturing facility
4. Classified Jamnagar plant assets as "Non-Current Assets Held for Sale" with carrying value of ₹5,318.53 lakh
Board and Management Changes
- Sri Parashiva Murthy BS resigned as Non-Executive Non-Independent Director effective June 29, 2025
- Sri Ruchit Bharat Patel appointed as Non-Executive Non-Independent Director effective June 29, 2025
- Sri Hardik Bharat Patel reappointed as Whole-Time Director for 5 years effective February 07, 2026
- Smt. Sudha Bhushan, Sri D G Rajan, and Sri P Swaminathan reappointed as Independent Directors
- Multiple changes in Company Secretary position:
- Sri Mohit Premchand Dubey resigned April 30, 2025
- Smt. Daman Preet Kaur appointed August 04, 2025, resigned February 04, 2026
- Sri Ritesh Krishna Kumar Mishra appointed February 05, 2026
Related Party Transactions
Key transactions with related parties during FY 2025-2026:
- Loan from Sri Hardik Bharat Patel: ₹3,307 lakh outstanding
- Purchase of stock from Reid & Taylor International Private Limited: ₹2,230.93 lakh
- Sales to Reid & Taylor International Private Limited: ₹363.08 lakh
- Loan transactions with Reid & Taylor International Private Limited: ₹15 lakh taken, ₹3,223.36 lakh repaid
Shareholding Pattern
- Promoter holding: 75% (Finquest Financial Solutions Private Limited)
- Public holding: 25%
- Shares in dematerialized form: 99.9% (1,99,81,893 shares)
- Shares in physical form: 0.10% (18,107 shares)
Auditor Qualifications
Statutory auditors issued unmodified opinion but emphasized material uncertainty related to going concern due to:
- Total comprehensive loss of ₹97.90 lakh for FY 2025-2026
- Current liabilities exceeding current assets by ₹2,191.48 lakh
- Discontinuation of Jamnagar manufacturing operations
- Classification of assets with carrying value ₹5,318.53 lakh as held for sale
Voting Arrangements
- Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
- Cut-off date for determining members entitled to vote: September 21, 2026
- Scrutinizer: Sri Ankit Sethi, Proprietor of Ankit Sethi & Associates, Company Secretaries
Other Disclosures
- No dividend declared for FY 2025-2026
- No deposits accepted under Sections 73 to 76A of Companies Act, 2013
- No frauds reported by auditors under Section 143(12)
- No material orders passed by regulators/courts impacting going concern status
- Company has negative net worth of ₹(1,558.30) lakh as at March 31, 2026
#Tags: #DigjamLimited #AGM2026 #AnnualReport #SEBIDisclosure #TextileSector #RegulatoryCompliance #FinancialResults #GoingConcern #Neutral