Digjam Limited — Others, 01-07-2025: Change in Director(s)

Digjam Limited has announced a board meeting which approved the resignation of Director Mr. Parashiva Murthy B S due to personal reasons and appointed Dr. Ruchit Bharat Patel, a seasoned healthcare and financial sectors professional with strong strategic expertise, as an Additional Non-Executive Director. The Board also approved a Scheme of Arrangement for the demerger of Reid & Taylor International’s textile business into Digjam, aiming to consolidate similar textile operations within the Finquest Group. The demerged textile division reported a turnover of INR 488.81 Cr. This integration is expected to improve operational efficiencies, cost savings, and revenue growth. Shareholders of Reid & Taylor will receive new Digjam shares under the exchange ratio of 46,481 shares for every 100 shares held. The new shares will be listed on both BSE and NSE.