Digjam Limited — Board Meeting, 01-07-2025: Outcome of Board Meeting

Digjam Limited has announced a board meeting on June 29, 2025, where key decisions were made. The Board approved the appointment of Mr. Ruchit Bharat Patel as an Additional Director. Mr. Parashiva Murthy resigned from the Board due to personal reasons. Importantly, the Board approved a Scheme of Arrangement to demerge the textile business of Reid & Taylor International Private Limited into Digjam, consolidating similar textile operations under one entity. This move aims to drive operational synergies, economies of scale, and focused management, potentially enhancing the company's profitability. Shareholders of Reid & Taylor will receive equity shares in Digjam as consideration.