Digjam Limited has announced its unaudited financial results for the quarter ended December 31, 2025, alongside significant changes in its key managerial personnel. The Board of Directors approved these developments during a meeting held on February 05, 2026, conducted through video conferencing.

Financial Performance Overview

The company reported mixed financial results for the third quarter of FY26. Total income increased to ₹703.52 lakhs compared to ₹535.58 lakhs in the corresponding quarter of the previous year, representing a growth of approximately 31%. Revenue from operations grew to ₹698.09 lakhs from ₹535.18 lakhs year-on-year.

Despite higher revenues, the company's net profit declined significantly to ₹51.22 lakhs from ₹152.17 lakhs in Q3FY25. The profit from continued operations stood at ₹88.80 lakhs, while discontinued operations resulted in a loss of ₹37.58 lakhs.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Digjam Limited showed substantial improvement in its overall performance. The company reported a net loss of ₹27.02 lakhs compared to a significant loss of ₹1,548.51 lakhs in the corresponding period of the previous year.

Key Management Changes

The company announced important changes in its leadership structure. Ms. Daman Preet Kaur (ACS: A41941) tendered her resignation from the position of Company Secretary and Compliance Officer, effective from the close of business hours on February 04, 2026. She cited the desire to pursue new professional opportunities for career growth as the reason for her departure.

Mr. Ritesh Krishna Kumar Mishra (ACS: A76039) has been appointed as the new Company Secretary and Compliance Officer, effective February 05, 2026. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and holds a Bachelor of Commerce degree from Thakur College of Science and Commerce. His professional experience includes previous roles with Reliance Asset Reconstruction Company Limited and KHFH Hospitality & Facility Management Services Limited.

Operational Challenges and Going Concern

The company faces significant operational challenges, with current liabilities exceeding current assets by ₹2,120.15 lakhs as of December 31, 2025. Operations at the company's sole manufacturing facility in Jamnagar were discontinued effective March 31, 2025, and related assets have been classified as "Non-Current Assets Held for Sale" with a carrying value of ₹5,318.53 lakhs.

Despite these challenges, the financial results have been prepared on a going concern basis, supported by management's strategic plans including asset realization, cost optimization, and a proposed scheme of arrangement with Reid and Taylor International Private Limited approved by the Board on June 29, 2025.

Regulatory Compliance

The trading window for dealing in company shares was closed for designated persons from January 01, 2026, until 48 hours after the declaration of these unaudited financial results, in accordance with SEBI regulations. The Board meeting commenced at 06:05 P.M. and concluded at 06:55 P.M. on February 05, 2026. The company has filed the necessary disclosures with the Bombay Stock Exchange Limited and National Stock Exchange of India Ltd. pursuant to Regulation 30 and Regulation 33 of the SEBI Listing Regulations.

Digjam Limited has issued a clarification to stock exchanges BSE and NSE regarding recent movements in its share price, attributing the fluctuations to prevailing market conditions rather than any undisclosed material information.

Company's Response to Exchange Queries

In its communication dated December 17, 2025, the textile company responded to queries from both exchanges seeking clarification on price movements. The company emphasized its consistent compliance with disclosure requirements under SEBI regulations.

Regulatory Compliance and Disclosure

Digjam Limited stated that it has consistently informed both stock exchanges of all events and information having material impact on its operations and performance. The company confirmed its adherence to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company specifically mentioned that based on its knowledge and understanding, no other event or information requiring disclosure under Regulation 30 of the SEBI LODR Regulations has occurred or remained undisclosed to the stock exchanges.

Market-Driven Price Movement

Regarding the recent price fluctuations, Digjam Limited clarified that the movement in its share price is purely due to market conditions and appears to be market-driven. The company emphasized that neither the company nor its promoters have any control over or knowledge of specific reasons behind these price movements.

Commitment to Transparency

The textile manufacturer reiterated its commitment to regulatory compliance, stating that it will continue to keep stock exchanges duly informed of any information as required under SEBI LODR Regulations whenever such events occur. This reaffirmation demonstrates the company's dedication to maintaining transparency with market participants and regulatory authorities.

The clarification serves to address investor concerns while maintaining the company's position that all material developments have been appropriately disclosed in accordance with regulatory requirements.