Digjam Limited has informed the Exchange regarding Notice of Postal Ballot
DIGJAMLMTD · price
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Digjam Limited has issued a Postal Ballot Notice dated February 24, 2026, seeking shareholder approval through remote e-voting from February 25, 2026 to March 26, 2026 (cut-off date: February 20, 2026). Four resolutions are on the table: (1) Ordinary Resolution to approve material related party transactions with Reid & Taylor International Private Limited up to INR 50 Crore for FY 2026-27; (2) Ordinary Resolution to approve related party transactions with Finquest Financial Solutions Pvt Ltd and three individuals (Hardik, Ruchit, and Minal Patel) up to INR 100 Crore aggregate (max INR 50 Crore per party), including loans carrying 9% interest per annum; (3) Special Resolution to permit creation of charges/mortgages on company assets to secure borrowings up to INR 100 Crore under Section 180(1)(a); and (4) Special Resolution to approve overall borrowing limits up to INR 100 Crore under Section 180(1)(c) of the Companies Act, 2013. Mr. Ankit Sethi has been appointed as Scrutinizer, and NSDL will facilitate the e-voting process.
Shareholders are being asked to approve significant related party dealings (up to INR 150 Crore combined) and authorize the company to take on borrowings up to INR 100 Crore. Approval would give the board wide flexibility for FY 2026-27, while rejection of the related party resolutions could limit business flexibility and signal investor concerns about governance.