Digjam Limited Receives NCLT Procedural Order

• NCLT Chennai issued order on September 2, 2026, regarding Scheme of Arrangement.
• Next hearing date scheduled for October 28, 2026.

Reader Takeaway: The NCLT has initiated mandatory notification procedures to regulators, a routine phase in the restructuring timeline.

What just happened

Digjam Limited has received an order from the National Company Law Tribunal (NCLT), Chennai Bench, concerning its proposed Scheme of Arrangement with Reid & Taylor International Private Limited. The Tribunal has directed the company to initiate a formal notification process, which involves serving notices to key regulatory bodies including the Ministry of Corporate Affairs, the Registrar of Companies, SEBI, the NSE, and the BSE.

Why this matters

This order represents a necessary legal milestone in the court-approved demerger or restructuring process. By directing the publication of notices in Business Standard and Makkal Kural, the NCLT is ensuring that statutory authorities and stakeholders have a 30-day window to file any potential objections or representations. If no objections are raised during this period, the legal process moves closer to final approval.

What changes now

Digjam Limited must now complete the filing of proof regarding the service of notices and newspaper advertisements. Following these compliance tasks, the company will appear before the NCLT on October 28, 2026. Shareholders should await further disclosures regarding the outcome of these notifications and the subsequent hearing proceedings.

What to track next

The primary monitorable event is the next scheduled hearing on October 28, 2026. Investors should look for company disclosures confirming the successful completion of the publication requirements and any official responses from the notified statutory authorities.