Digjam news and archive

Deigjam second quarter net loss widens

Textile firm Digjam reported widening of its standalone net loss at Rs 3.84 crore for the second quarter ended September 30, 2015. The company had reported a net loss of Rs 1.32 crore for the July-September quarter of last fiscal. Total income from operation during the quarter under review was also down 12.52 per cent to Rs 31.29 crores as...

Business

Digjam inks JV with Scotland-based Holland and Sherry

Digjam has entered a 51:49 joint venture partnership with Scotland-based premium fabric player Holland and Sherry for distributing their products in India. There will be two persons each from Digjam and Holland and Sherry on the board of the newly formed company, Holland and Sherry India. Digjam will also make use of Holland and Sherry’s network...

Apparel

Digjam promoters settle compliance case with Sebi

Four promoters of textile firm Digjam have made a payment of Rs 13.27 lakh as settlement towards a matter related to delay in compliance of disclosure rules with market regulator (Securities and Exchange Board of India) Sebi. As per Sebi, Digjam promoters - Janardhan Trading Co, Central India General Agents, Birla Holdings and Sukriti Education...

Apparel

Digjam eyes entry into RMG segment

After spending years working with major fashion brands in the US and Europe, Gujarat-based textile manufacturer, Digjam is looking at foraying into the readymade garments market. Its aim is to tap the growing readymade garment segment in India. Currently, the company’s readymade garments export to Europe is around 45 per cent of its annual five...

Apparel

Digjam’s Q3 net down Rs 5.19 cr

Owing to the current economic slowdown and its impact on demand and import cost, textile company Digjam witnessed a net loss of Rs 5.19 crore for the quarter ended December 31, 2010. It had posted net profit of Rs 6 lakh during the corresponding quarter of last financial year. In its filing to the BSE, the company has stated, “Slowdown in demand...

Apparel

Birla hikes stake in Digjam

The SK Birla Group has acquired a 3.6 per cent additional stake in Digjam from Asset Reconstruction Co (Arcil) taking its holding to 30.4 per cent. Loss-making Digjam, formerly known as Birla VXL, manufactures fabric for suits and casual wear and exports over half of its production. The SK Birla Group is open to pick up more stake in the open...