Announced Sat, 27 Jun · 12:24 IST
NCLT orders meetings for Reid and Taylor demerger into Digjam
Regulatory & Legal View source PDF
DIGJAMLMTD · price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹47.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
NCLT Chennai admitted the application to demerge the textile business of Reid and Taylor International into Digjam. The Tribunal directed meetings of unsecured creditors of Reid and Taylor and equity shareholders of Digjam on 16 Aug 2026. Other class meetings were dispensed with after 100 percent consent affidavits. The order is procedural; final scheme approval still pending from shareholders, creditors, regulators and the NCLT.
Likely market impact
Procedural milestone for the demerger; no immediate impact for shareholders. Final outcome depends on 16 Aug meetings and NCLT sanction.