Digjam Limited — Others, 03-12-2024: Shareholders meeting

Digjam Limited has announced a board meeting on December 5, 2024, to discuss several important resolutions that require shareholder approval via a postal ballot. Key items on the agenda include approving material related party transactions with Krihaan Texchem Private Limited and Mr. Hardik Bharat Patel, and establishing borrowing limits of up to ₹100 crore. Additionally, the company seeks consent to create a mortgage on substantial portions of its assets and to alter the terms of its existing non-convertible debentures.

These measures may enhance operational efficiency and financial flexibility but might raise governance concerns due to the involvement of related parties. Investors should watch how these developments could affect shareholder value and overall risk profile.