StockWatch
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Garments & Apparels
Legal9 Sept 2026, 08:50 pm

Digjam Ltd: NCLT Chennai Admits Scheme of Arrangement Petition

AI Summary

Digjam Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench, has admitted a petition concerning a proposed Scheme of Arrangement between Reid & Taylor International Private Limited (Demerged Company) and Digjam Limited (Resulting Company). This follows previous intimations regarding the scheme. The Tribunal has scheduled the next hearing for October 28, 2026. The order was passed on September 2, 2026, and the company has submitted the order copy to the exchange. This development is a step forward in the proposed corporate restructuring.

Key Highlights

  • NCLT Chennai admits petition for Scheme of Arrangement.
  • Scheme involves Digjam Ltd and Reid & Taylor International Pvt Ltd.
  • Next hearing scheduled for October 28, 2026.
  • Order passed on September 2, 2026.