Go Digit receives 'no adverse observation' for amalgamation scheme
Go Digit General Insurance Ltd has received 'no adverse observation' letters from BSE and NSE, both dated April 22, 2026, regarding its proposed scheme of amalgamation with Go Digit Infoworks Services Private Limited. This development, in continuation of the Board's approval on December 19, 2025, marks a crucial step in obtaining regulatory clearances for the merger. The scheme is subject to approvals from various authorities including SEBI, NCLT, IRDAI, and CCI. With the stock exchanges' clearance, the company will now proceed with filing the scheme with the National Company Law Tribunal (NCLT). Go Digit has affirmed its commitment to comply with all conditions outlined in the observation letters and relevant SEBI regulations, including comprehensive disclosures to shareholders and NCLT.
Key Highlights
- Go Digit received 'no adverse observation' letters from BSE and NSE.
- This clears a key regulatory hurdle for the proposed amalgamation scheme.
- The company will now file the scheme with the NCLT for further approval.
- The scheme involves Go Digit Infoworks Services Private Limited merging into Go Digit General Insurance.
- Compliance with SEBI disclosure requirements is mandated for the next steps.