Digjam Limited – Promoter Share Encumbrance Disclosure (FY 2025‑26)

Date of Announcement: 21 April 2026
Regulation: SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 – Regulation 31(4)

Key Highlights

No Encumbrance: Promoters and promoter group, including Finquest Financial Solutions Pvt. Ltd., Hardik Bharat Patel, Minal Bharat Patel, Ballarpur Industries Ltd., and Amartaru Hospitality Pvt. Ltd., have not pledged, liened, or otherwise restricted any of their Digjam shares during FY 2025‑26.
Compliance Confirmation: The declaration satisfies SEBI’s requirement for a formal disclosure of share‑encumbrance status.
Annexure A: Lists all promoters with a “‑” indicating zero encumbered shares.

Governance Strength: Demonstrates adherence to regulatory norms and transparent reporting.
Ownership Stability: Unencumbered shares mean promoters retain full voting rights and cannot be forced to sell shares under creditor pressure.
Risk Mitigation: Removes a potential catalyst for share‑price volatility linked to pledged‑share sell‑offs.
No Immediate Financial Impact: The announcement does not affect earnings, cash flow, or capital structure.

Score: 7/10 – moderately positive.
Rationale: While the disclosure does not introduce new growth initiatives, the clean share‑ownership structure enhances investor confidence and reduces governance‑related risk, supporting a stable outlook.

Future Capital Actions: Any upcoming share buy‑backs, issuance, or financing that could alter the promoter share base.
Regulatory Filings: Continued compliance with SEBI regulations and any subsequent disclosures.

Prepared by the Finance Analysis Team – 21 April 2026