Digjam Limited Receives NCLT Order for Amalgamation Scheme with Reid & Taylor International
Digjam Limited received a procedural order from NCLT, Chennai, approving the Scheme of Arrangement for amalgamation with Reid & Taylor International. The NCLT has directed meetings for creditors and shareholders to approve the scheme. This move aims to consolidate textile businesses for optimized operations and growth.
The amalgamation is a significant corporate action that will lead to structural changes and potential synergies, impacting the company's operations and market position.
The NCLT order is a positive step towards the successful amalgamation, which is expected to bring operational efficiencies and growth opportunities.
Digjam Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench, has pronounced its order on June 19, 2026, and the company received a copy on June 26, 2026, concerning the proposed Scheme of Arrangement between Reid & Taylor International Private Limited (Demerged Company) and Digjam Limited (Resulting Company).
The NCLT has admitted the joint application, directing the convening of meetings for the unsecured creditors of the Demerged Company and equity shareholders of the Resulting Company to approve the scheme. The Tribunal also issued directions for notices to regulatory authorities and stakeholders, and for the company to undertake publication and other procedural compliances.
This order is procedural, paving the way for further steps including shareholder and creditor approvals, and final sanction from the NCLT. The scheme aims to consolidate the textile businesses of both entities to optimize resource utilization, achieve economies of scale, and enhance growth potential. Shareholders of the Demerged Company will be allotted shares of the Resulting Company, which will subsequently be listed.
What to do with a filing like this
Digjam Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Digjam Limited. Read the original for the full detail.