Digjam Limited — JV/Acquisition, 27-06-2026: Amalgamation/Merger

NCLT Chennai has allowed the application for the demerger of Reid & Taylor International Private Limited's 'Textile Business' into Digjam Limited. This strategic move aims to consolidate textile operations, achieve significant synergies, optimize costs, and expand the combined business scale. The arrangement is expected to enhance long-term value for Reid & Taylor shareholders and boost revenue/profits for Digjam. The Tribunal has directed crucial meetings for Digjam's equity shareholders and Reid & Taylor's unsecured creditors on August 16, 2026, as part of the ongoing approval process.