Digjam Limited — Board Meeting, 29-06-2025: Outcome of Board Meeting

Digjam Limited has announced a board meeting on which it approved key decisions: acceptance of Mr. Parashiva Murthy B S’s resignation as Director due to personal reasons, and appointment of Dr. Ruchit Bharat Patel as an Additional Non-Executive Director. The board also approved a Scheme of Arrangement involving the demerger of Reid & Taylor International’s textile business into Digjam, aiming to consolidate similar operations under one entity for better resource optimization, cost savings, and operational synergies. The scheme involves issuing equity shares to Reid & Taylor shareholders, expanding Digjam’s share capital significantly. The deal is positioned to enhance growth potential and profitability.