Ajit Isaac and Isaac Enterprises LLP has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
DIGITIDE · price
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Digitide Solutions, which recently demerged from Quess Corp and got listed on June 11, 2025, has filed a regulatory disclosure by its promoters regarding share allotment under the court-approved Composite Scheme of Arrangement. Promoter Ajit Isaac received 1,78,96,832 equity shares (12.02% of paid-up capital) and Isaac Enterprises LLP received 1,53,65,824 shares (10.32%), taking their combined holding to 22.34%. The NCLT Bengaluru approved the demerger on March 4, 2025, and shares were allotted on April 21, 2025 under a 1:1 entitlement ratio with Quess Corp shareholders. This acquisition is exempt from making an open offer under Regulation 10(1)(d)(ii) of the Takeover Code, which covers court-approved schemes of arrangement.
This is a procedural disclosure confirming the promoters' stake arising from the Quess Corp demerger — no open offer is triggered and no new cash is deployed. For shareholders, it clarifies the post-demerger promoter holding structure but is unlikely to cause short-term price movement since the shares were already allotted and trading began on June 11, 2025.