Go Digit General Insurance Limited has informed the Exchange about receipt of Observation Letters from NSE and BSE with No Adverse Observation
GODIGIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 0.9 pts more than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Go Digit General Insurance has received 'No Adverse Observation' letters from both NSE and BSE dated April 22, 2026, for the proposed scheme of amalgamation involving Go Digit Infoworks Services Private Limited (Transferor) merging into Go Digit General Insurance (Transferee). The observation letters are valid for 6 months, within which the company must file the scheme with NCLT. SEBI has also provided conditional comments requiring detailed disclosures on merger rationale, share swap ratio methodology, pending regulatory approvals from IRDAI and CCI, and financial details of both entities. The company must ensure all SEBI conditions are incorporated before NCLT filing.
This is a positive regulatory milestone for the amalgamation as both exchanges have cleared the scheme to proceed to the NCLT stage. Shareholders should note the deal remains conditional on NCLT approval, IRDAI clearance, and shareholder consent.