Digjam Limited has updated shareholders on the ongoing scheme of arrangement involving Reid & Taylor International Private Limited as the demerged company and Digjam Limited as the resulting company.

The National Company Law Tribunal has admitted the joint petition following approval from shareholders and creditors.

This corporate restructuring aims to streamline operations and unlock value.

The tribunal has scheduled the next hearing for further proceedings.

Investors should monitor this restructuring closely as the legal process moves toward final approval stages.