NCLT orders meetings for Digjam, Reid and Taylor demerger scheme

NCLT Chennai admitted the joint application for the proposed demerger of the textile business of Reid and Taylor International Private Limited into Digjam Limited. The Tribunal ordered meetings of 671 unsecured creditors of Reid and Taylor and 24 equity shareholders of Digjam on 16 August 2026. Meetings of equity shareholders, preference shareholders and secured creditors were dispensed with as 100 percent consent affidavits were obtained. The order is procedural and the scheme still needs shareholder, creditor and final NCLT approval.