Announced Wed, 9 Sept · 20:40 IST
NCLT admits demerger scheme petition, next hearing on 28 Oct 2026
DIGJAMLMTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+31.5%1-day move
₹51.50
prior close
₹52.98
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+12.3+7.8+9.5+15.1+31.5+26.2+19.9+13.9+19.6—————
Up moveDown movePending
AI summary
NCLT Chennai admitted the second motion petition for the demerger scheme between Reid and Taylor International (Demerged Company) and Digjam (Resulting Company). Shareholders and creditors have already approved the scheme. Tribunal directed notices to SEBI, BSE, NSE, Income Tax and other authorities who have 30 days to raise objections. Next hearing fixed for 28 October 2026.
Likely market impact
Positive progress for the demerger. Brings Digjam closer to receiving Reid and Taylor assets and business. Final sanction expected after October hearing.