Digjam Limited — Others, 30-06-2025: Change in Director(s)

Digjam Limited has announced a board meeting outcome noting the resignation of Director Parashiva Murthy due to personal reasons, with appreciation for his contributions. The Board has appointed Dr. Ruchit Bharat Patel, a gastroenterologist with diverse healthcare and financial sector experience, as an Additional Non-Executive Director. Importantly, the Board approved a Scheme of Arrangement to demerge the Textile Business Undertaking from Reid & Taylor International Private Limited into Digjam, consolidating similar textile operations under one entity. This move aims to optimize resources, achieve cost efficiencies, and enhance growth potential. Shareholders of Reid & Taylor will receive Digjam shares as consideration, with no cash involved, and the new shares will be listed on stock exchanges.