Digjam holds NCLT meeting to approve Reid & Taylor scheme
Digjam Limited convened an NCLT-directed shareholder meeting on August 16, 2026, to discuss a Scheme of Arrangement with Reid & Taylor International Private Limited. The meeting, chaired by an NCLT-appointed advocate, proceeded with a quorum present. Management presented the scheme's features and addressed shareholder queries. Voting results via NSDL are expected by August 18, 2026.
*this image is generated using AI for illustrative purposes only.
Digjam Limited held a meeting of its equity shareholders on August 16, 2026, pursuant to directions from the National Company Law Tribunal (NCLT), Chennai Bench. The gathering, conducted via video conference, aimed to secure approval for a proposed Scheme of Arrangement involving Reid & Taylor International Private Limited.
The meeting commenced at 11:00 am at the company's registered office, which served as the deemed venue. Mr. Ritesh Krishna Kumar Mishra, Company Secretary and Compliance Officer, welcomed participants and outlined the procedural arrangements. National Securities Depository Limited (NSDL) facilitated remote e-voting and video conferencing services for the event.
Mr. Sriram Ananth V., an advocate appointed by the NCLT as Chairperson, called the meeting to order after confirming the presence of the requisite quorum. Mr. P. Ajith Kumar, also an advocate, served as the Scrutinizer for the proceedings.
Scheme Details
The central agenda item was the approval of the Scheme of Arrangement between Reid & Taylor International Private Limited (the demerged company) and Digjam Limited (the resulting company). This proposal aligns with Sections 230 to 232 of the Companies Act, 2013.
Mr. Ajay Agarwal, Non-Executive Director of Digjam Limited, briefed shareholders on the salient features of the scheme. Management subsequently addressed queries and clarifications raised by equity shareholders during the session.
Shareholders who had not utilized the remote e-voting facility were instructed to cast their votes through the NSDL platform. The facility remained open for an additional 30 minutes following the formal closure of the meeting at 11:20 am.
Regulatory Compliance
The notice for the meeting, along with accompanying documents, was dispatched via electronic mode to registered email addresses and by post to those without registered emails. The cut-off date for dispatch was July 3, 2026. These documents remain available for inspection on the company's website.
The proceedings adhered to the Companies Act, 2013, Secretarial Standard-2, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting results and Scrutinizer Report are scheduled to be announced on or before August 18, 2026, with notifications sent to stock exchanges and uploaded to the company's website.
Historical Stock Returns for DIGJAM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.90% | +3.15% | +14.27% | +1.29% | -6.88% | +192.06% |
What specific operational synergies or cost-saving measures are expected to materialize for Digjam Limited following the demerger of Reid & Taylor International?
How might the approval of this Scheme of Arrangement impact Digjam Limited's short-term stock price volatility and long-term valuation metrics?
Are there any anticipated regulatory hurdles or additional approvals from tax authorities or other government bodies required to finalize the demerger?
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