Digjam Limited has informed the Exchange regarding voting results of Postal Ballot
DIGJAMLMTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Digjam Limited has shared the results of its Postal Ballot (remote e-voting) that ended on March 26, 2026. All four resolutions put to vote were approved by shareholders. Two resolutions relate to approving material related party transactions for FY 2026-27 — one with Reid & Taylor International Pvt Ltd and another with Finquest Financial Solutions and certain promoters (Hardik, Ruchit, and Minal Patel). In both these cases, the promoter group (holding 1.5 crore shares, or 75% of the company) abstained from voting as they were interested parties; only public shareholders voted around 78,600 shares, with over 99.5% in favour. The other two special resolutions — creation of charges/mortgages for borrowings and raising borrowing limits under Sections 180(1)(a) and 180(1)(c) of the Companies Act — were passed with overwhelming support (~99.98% in favour), with both promoters and public shareholders voting in favour. Total shareholder turnout was only about 0.39% of outstanding shares for the related-party resolutions and 75.4% for the borrowing-related resolutions.
Shareholders have approved significant borrowing powers and related-party transactions for the next financial year, giving the company flexibility to raise debt and transact with promoter-linked entities. Low public voting turnout (under 0.4%) on related-party items means the outcomes were driven almost entirely by the promoter group's abstention/vote, which retail investors should note when assessing governance.