About DIGJAM Limited

DIGJAM Limited is a listed Indian textile company with a legacy spanning over three decades, with its equity shares listed on the Main Board of both NSE and BSE. The FY 2024–25 Annual Report marks the Company’s 10th Annual Report, underscoring its continued presence in the textile sector and active participation in India’s capital markets. The Company is primarily engaged in the trading of PV (Polyester Viscose) and PW (Pure Wool) fabrics, catering to domestic retailers, apparel manufacturers and institutional buyers across India, while also undertaking exports. DIGJAM operates its trading unit from Bhiwandi, Maharashtra, and maintains its registered office in Jamnagar, Gujarat, enabling a distribution-led model that serves both domestic and international customers.

As on March 31, 2025, DIGJAM reported that domestic and export sales of PV and PW fabrics contributed to improved performance from continued operations. The Company had a total of 7 employees at year end.

The Company’s product and service scope includes:

• Trading of PV and PW fabrics, with focus on premium and value-added textiles. 

Subsidiaries: DIGJAM Limited has no subsidiary, joint venture or associate company.

DIGJAM’s key milestones reflect its journey through restructuring, revival and operational recalibration. A Resolution Plan under the Insolvency and Bankruptcy Code (IBC) was approved on May 27, 2020 by the Adjudicating Authority. In line with this plan, the Company allotted 180 lakh equity shares at ₹10 per share and 27 lakh 7% Non-Convertible Cumulative Redeemable Preference Shares (NCCRPS) of ₹100 each—aggregating to ₹1,800 lakh and ₹2,700 lakh respectively—to Finquest Financial Solutions Private Limited on March 19, 2021.

Further, during the quarter ended March 31, 2025, DIGJAM discontinued operations at its Jamnagar manufacturing facility and classified non-current assets amounting to ₹5,714.12 lakh as “held for sale” under Ind AS 105. This step formed part of an operational rationalisation and asset-optimisation initiative; financial statements were prepared on a going-concern basis despite a working capital deficit.

DIGJAM Limited Key Milestones

• Approval of Resolution Plan under IBC: May 27, 2020 
• Allotment of 180 lakh equity shares and 27 lakh NCCRPS to Finquest Financial Solutions (March 19, 2021) 
• Discontinuation of operations at Jamnagar manufacturing facility and classification of ₹5,714.12 lakh assets as “held for sale” (Q4 FY25) 
• Continuation as a listed company on NSE and BSE through a trading-focused business model 

DIGJAM Limited Business Segments

The Annual Report states that the Company operates in a single business segment; accordingly, no segment-wise or domestic vs. international revenue disclosures are provided.

DIGJAM Limited Key Management

• Sri Hardik Patel – Chairman and Whole Time Director 
• Sri Ajay Agarwal – Non-Executive, Non-Independent Director 
• Sri D. G. Rajan – Non-Executive, Independent Director 
• Ms. Sudha Bhushan – Non-Executive, Independent Director 
• Sri Panchapakesan Swaminathan – Non-Executive, Independent Director 
• Shri Ruchit Patel – Additional Director 
• Mr. Pankaj Prakash Gharat – Chief Financial Officer 
• Smt. Daman Preet Kaur – Company Secretary (from August 04, 2025) 

Latest Updates on DIGJAM Limited

Strategic portfolio action: DIGJAM discontinued operations at its Jamnagar manufacturing facility in Q4 FY25, classifying non-current assets of ₹5,714.12 lakh as “Non-Current Assets Held for Sale” under Ind AS 105. Management cited operational rationalisation and asset optimisation as key drivers behind the decision. Despite a working capital deficit, the Company maintained a positive net worth and prepared its financial statements on a going-concern basis.

Operational focus: The Company reinforced its trading-led model in PV and PW fabrics, catering to both domestic and export markets through its Bhiwandi trading unit.

Financial performance – continued operations: FY25 showed a marked improvement, with EBITDA margin rising to 18% and PBT margin to 11%, supported by higher domestic and export sales and improved operational efficiencies.

Governance and listings: DIGJAM remains listed on NSE (symbol: DIGJAMLMTD) and BSE (scrip code: 539979). The Company planned its 10th AGM for September 30, 2025 via video conferencing.

Leadership changes:

• Mr. Parashiva Murthy B S was appointed Additional Director (Non-Executive & Non-Independent) on May 13, 2024 and resigned on June 29, 2025. 
• Company Secretary transitions included: 
  • Resignation of Ms. Sonali Chheda (November 13, 2024) 
  • Appointment of Mr. Mohit Premchand Dubey (November 14, 2024 to April 30, 2025) 
  • Appointment of Smt. Daman Preet Kaur (August 04, 2025)