DIGJAM Limited , a textile company currently undergoing Corporate Insolvency Resolution Process (CIRP), has released its unaudited financial results for the second quarter and half year ended September 30, 2019. The company's financial situation remains challenging, with significant losses reported for both periods.

Financial Performance

The company reported a loss of ₹185.00 lakh for the quarter ended September 30, 2019. For the half-year period, the losses were more substantial, amounting to ₹906.00 lakh. These figures underscore the financial difficulties faced by DIGJAM Limited.

Corporate Insolvency Resolution Process

DIGJAM Limited has been under CIRP since April 26, 2019, following an order initiating the process. Sri Sunil Kumar Agarwal has been appointed as the Resolution Professional to oversee the insolvency proceedings.

Resolution Plan Status

In a positive development, the Committee of Creditors approved a Resolution Plan in principle on February 11, 2020. However, this plan is still pending approval from the National Company Law Tribunal, Ahmedabad. The outcome of this approval process will be crucial for the company's future.

Operational Challenges

The company's operations have been severely impacted by its financial situation. Production has been suspended since October 2018 due to extreme cash liquidity issues and working capital constraints. This prolonged suspension of production activities has likely contributed to the company's ongoing losses.

Financial Review Process

The financial results were reviewed by the Resolution Professional and Key Management Personnel of the company. Additionally, S.K. Bajpai & Co., the company's auditors, conducted a limited review of the results.

Looking Ahead

The approval of the Resolution Plan by the National Company Law Tribunal will be a critical milestone for DIGJAM Limited. Stakeholders will be closely watching for any developments in the insolvency resolution process and potential strategies to address the company's financial and operational challenges.

As the situation evolves, further updates on the company's financial performance and the progress of the insolvency resolution process will be important indicators of DIGJAM Limited's future prospects.

DIGJAM Limited , a textile manufacturing company based in Jamnagar, Gujarat, has announced the appointment of Ms. Daman Preet Kaur as its new Company Secretary & Compliance Officer. The decision was made during a board meeting held on August 4, 2025, at the company's registered office.

Key Appointment Details

Board Meeting Highlights

The board meeting, which commenced at 7:30 p.m. and concluded at 8:00 p.m., addressed several important matters:

1. Appointment Approval: The board approved Ms. Kaur's appointment in compliance with Regulation 30 and Regulation 33 of the SEBI Listing Regulations.

2. Disclosure Compliance: The company has made the necessary disclosures as per SEBI regulations and the latest master circular dated November 11, 2024.

3. Trading Window Closure: DIGJAM Limited confirmed that the trading window for designated persons remains closed from July 1, 2025, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2025.

Company Background

DIGJAM Limited, with its registered office at Aerodrome Road, Jamnagar, Gujarat, is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. The company specializes in textile manufacturing and has been operating since 2015, as indicated by its CIN: L17123GJ2015PLC083569.

This appointment marks a significant step for DIGJAM Limited in strengthening its corporate governance structure. Ms. Kaur's role will be crucial in ensuring compliance with various regulatory requirements and facilitating effective communication between the company, its board of directors, and its stakeholders.