NOTICE OF MEETING OF THE EQUITY SHAREHOLDERS OF DIGJAM LIMITED ('COMPANY') AS PER THE DIRECTIONS OF THE NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCH ('NCLT' OR 'TRIBUNAL') Scheduled to be held on August 16, 2026
DIGJAMLMTD · price
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On the reaction day the stock moved 8.5 pts more than Nifty Microcap 250 and 9.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Digjam Limited has issued notice for an Extra-Ordinary General Meeting on August 16, 2026 (via video conferencing) to seek shareholder approval for a Scheme of Arrangement involving the demerger of the Textile Business Undertaking of Reid & Taylor International Private Limited (RTIL) into Digjam Limited. The appointed date for the scheme is July 1, 2025, with the swap ratio fixed at 46,481 equity shares of Digjam (face value ₹10) for every 100 equity shares of RTIL. The scheme received BSE and NSE observation letters in December 2025, and the NCLT Chennai Bench directed the EGM via its order dated June 19, 2026. Remote e-voting runs from August 13 to August 15, 2026, with a cut-off date of August 10, 2026. Post-scheme, promoter holding will marginally fall from 75% to 74.97%, while existing public shareholders of Digjam will see their effective stake reduce from 25% to about 5.48%, with RTIL's QIBs taking up 19.55%.
If approved, Digjam will consolidate RTIL's textile operations under a single listed entity, which the company claims will be value-accretive through synergies and economies of scale. However, existing public shareholders of Digjam should note their proportionate holding will shrink from 25% to about 5.48% due to issuance of new shares to RTIL's shareholders.