Go Digit General Insurance Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
GODIGIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Go Digit General Insurance has received shareholder approval through a postal ballot to set up an IFSC Insurance Office (IIO) in GIFT City, Gujarat, subject to IRDAI approval. The remote e-voting was conducted between 25th July 2025 and 23rd August 2025, with 66,226 shareholders eligible to vote. A total of 822,911,120 shares (100% of outstanding shares) were polled, with 99.99% voting in favour and just 0.01% against. Promoter group and public institutions voted 100% in favour, while public non-institutions voted 99.87% in favour. The resolution was passed as an Ordinary Resolution, confirmed by the scrutinizer's report from KANJ & Co. LLP dated 25th August 2025.
The approval paves the way for Go Digit to expand into international financial services through a GIFT City-based unit, which could open new growth avenues in cross-border insurance. However, the move is still subject to IRDAI and other regulatory clearances before execution.