Digjam Limited — Others, 30-06-2025: Resignation

Digjam Limited has announced a board meeting outcome that includes the resignation of Director Mr. Parashiva Murthy for personal reasons and the appointment of Dr. Ruchit Bharat Patel as an Additional Non-Executive Director. The Board approved a Scheme of Arrangement for the demerger of the Textile Business Undertaking of Reid & Taylor International Private Limited into Digjam. This move aims to consolidate textile operations within the Finquest Group, improving resource utilization, operational synergy, and cost efficiency. The demerger will involve issuing shares to Reid & Taylor shareholders, significantly increasing Digjam’s share capital and shareholder base once approved by relevant authorities.