Digjam Limited — Others, 01-07-2025: Appointment

Digjam Limited has announced a board meeting to approve key changes and a strategic restructuring. The company noted the resignation of Director Parashiva Murthy due to personal reasons and appointed Dr. Ruchit Bharat Patel, a gastroenterologist with experience in healthcare and finance, as an Additional Director. The Board approved a Scheme of Arrangement involving the demerger of the textile business undertaking of Reid & Taylor International Private Limited into Digjam, aiming to consolidate similar businesses under one entity. This move is expected to optimize resources, reduce costs, and create operational synergies, enhancing growth potential and profitability. Shareholders of the demerged company will receive equity shares in Digjam, which are to be listed on stock exchanges.