Go Digit General Insurance Limited has scheduled an Extraordinary General Meeting (EGM) for equity shareholders on November 5, 2026, to approve the proposed amalgamation with Go Digit Infoworks Services Private Limited. The meeting will be conducted via video conferencing at 11:00 am IST.

The notice follows an order dated August 13, 2026, from the National Company Law Tribunal (NCLT), Mumbai Bench, directing the company to convene the meeting within 90 days. This step advances the corporate restructuring plan that simplifies the group’s holding structure by merging the promoter entity into the listed insurer.

Meeting Details and Voting Schedule

The EGM is scheduled for Thursday, November 5, 2026. Remote e-voting facilities will be available from Sunday, November 1, 2026, at 9:00 am IST until Wednesday, November 4, 2026, at 5:00 pm IST. Equity shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of October 29, 2026, are eligible to vote. Voting rights will be proportional to shareholding as of this cut-off date.

The NCLT has appointed Kuldeep Kumar Kareer as the Chairperson of the meeting and Sunil G Nanal as the Scrutinizer. Since the meeting is held through video conferencing, physical attendance and proxy appointments are not permitted, though institutional shareholders may appoint authorized representatives.

Regulatory Compliance and Scheme Updates

The amalgamation involves the merger of Go Digit Infoworks Services Private Limited (Transferor Company) into Go Digit General Insurance Limited (Transferee Company). Go Digit Infoworks currently holds 73.05% of the paid-up equity share capital of Go Digit General Insurance as on December 19, 2025.

The scheme was recently updated to include a reference to Section 35 of the Insurance Act, 1938, following an advisory from the Insurance Regulatory and Development Authority of India (IRDAI). This revision ensures compliance with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 and aligns the restructuring with sector-specific statutes alongside general company law.

Key sections amended include:

• Cover Page: Updated legal basis for the scheme.
• Overview of the Scheme: Clarified statutory provisions governing the amalgamation.
• Transfer and Vesting: Included Section 35 in the conditions for asset transfer.
• Cancellation of Shares: Specified that share cancellation is valid under the combined provisions of both Acts.
• Incidental Provisions: Updated applications to the National Company Law Tribunal (NCLT).

Share Exchange Ratios and Valuation

The scheme provides for the issuance of new equity shares by the Transferee Company to the shareholders of the Transferor Company. The ratios were determined based on a valuation report by RBSA Valuation Advisors LLP dated December 19, 2025, and supported by a fairness opinion from Ernst & Young Merchant Banking Services LLP.

Note: CCPS refers to Compulsorily Convertible Preference Shares.

The equity shares issued under the scheme will rank pari passu with existing equity shares in all respects, including dividends and voting rights. The issuance is expected to result in negligible dilution to public shareholders, estimated at approximately 0.03%.

Approvals Status

The scheme remains subject to several regulatory approvals. The Competition Commission of India (CCI) granted its approval on July 28, 2026. However, the application for IRDAI approval under Section 35 of the Insurance Act is currently pending disposal. Following shareholder approval at the EGM, the scheme will require final sanction from the NCLT before becoming effective.

What the Numbers Show

The progression from the NCLT’s August order to the November EGM highlights the accelerated timeline for internal group consolidations once judicial directions are issued. The negligible dilution figure of 0.03% underscores that the primary driver of value for public shareholders is not immediate accretion but structural efficiency. By eliminating the holding layer, the company reduces administrative overheads and aligns with IRDAI’s intent for leaner insurance structures, potentially enhancing long-term operational agility without materially altering current ownership stakes.

Go Digit General Insurance shares worth ₹40.52 crore changed hands on BSE in a large-trade signal, with approximately 1,608,125 shares flagged at a price of ₹252.00.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Trade details

The following table summarises the key parameters of the flagged activity:

The signal reflects a cluster of trades in Go Digit General Insurance shares printed within a short window at or near ₹252.00, flagged by a real-time trade-scanning system for size and speed. This activity has not been confirmed or reported by the exchange.

No buyer, seller, broker, or client identity is available at this stage. Such information, if applicable, is disclosed by the exchange only after market close through its official reporting mechanism.

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.