Digjam Limited — Others, 14-08-2025: Change in Management

Digjam's Board has approved the financial results for the quarter ended June 30, 2025, reporting a net profit of Rs. 0.96 Cr. A significant update is the discontinuation of manufacturing operations at Jamnagar, with related assets valued at Rs. 56.82 Cr now classified for sale. Despite current liabilities exceeding current assets by Rs. 5.45 Cr, management remains confident in its going concern plans, focusing on asset realization and cost optimization. The Board also cleared the re-appointment of four directors and the appointment of a new Secretarial Auditor. Crucially, a demerger scheme involving Reid and Taylor International's textile business into Digjam was approved, pending shareholder and other clearances.