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Incorporated in 1948, Digjam Ltd trades in all kinds of textiles and manufactures high quality woolen/ worsted fabrics
Digjam Limited has reported that the tribunal has admitted the joint petition regarding the proposed scheme of arrangement and progressed the proceedings by scheduling the next hearing. Shareholders and creditors have already approved the scheme.
Digjam shareholders will virtually meet to approve a proposed corporate restructuring involving Reid & Taylor International. This key business development requires shareholder assent.
NCLT greenlights the demerger of Reid & Taylor's textile business into Digjam. This move aims to consolidate operations, unlock synergies, and boost efficiency for future growth. Shareholder and creditor meetings are now directed for approval.
DIGJAM Ltd. received fines from BSE & NSE for delaying Compliance Officer appointment. Board acknowledged, emphasizing strict adherence to regulatory timelines to prevent future violations. Fines paid.
NSE has issued its 'No Objection' for Digjam's merger with Reid & Taylor. Public shareholding in Digjam will drop from 25% to 5.48% post-scheme, a key financial impact. This arrangement now moves to NCLT for approval.