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Legal9 Sept 2026, 08:40 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 passed an order dated September 2, 2026, admitting the joint petition filed under Sections 230-232 of the Companies Act, 2013. This petition is in connection with the proposed Scheme of Arrangement between Reid & Taylor International Private Limited (Demerged Company) and Digjam Limited (Resulting Company). The Tribunal has scheduled the next hearing for October 28, 2026. This development follows previous intimations regarding the scheme and the approval from shareholders and creditors, as evidenced by the Chairman's report dated August 16, 2026.

Key Highlights

  • NCLT Chennai admitted the petition for the Scheme of Arrangement.
  • The scheme involves Reid & Taylor International and Digjam Limited.
  • Next hearing is scheduled for October 28, 2026.
  • Shareholders and creditors have approved the proposed scheme.