GDGo Digit General Insurance544179Voting outcome

Equity shareholders approve Scheme of Amalgamation with requisite majority

Equity shareholders of Go Digit General Insurance have approved the Scheme of Amalgamation of Go Digit Infoworks Services Private Limited with the company.

By ScoutQuest · Thu 5 Nov 2026, 5:31 PM IST · 3 min read

Votes in favour

180357260

Votes against

69

Votes polled

180357329; 21.065% of outstanding shares

What was decided

Go Digit General Insurance Limited held a meeting of its equity shareholders on Thursday, 5th November 2026 at 11:00 A.M. (IST) through video conferencing and other audio visual means, as directed by the Hon'ble National Company Law Tribunal, Mumbai Bench, by its order dated 13th August 2026.

The single item was the Scheme of Amalgamation amongst Go Digit Infoworks Services Private Limited (the Transferor Company) and Go Digit General Insurance Limited (the Transferee Company) and their respective shareholders, under Sections 230 to 232 of the Companies Act, 2013, read with Section 35 of the Insurance Act, 1938. The Scrutinizer's Report records that the resolution was approved by the equity shareholders with the requisite majority, and that the majority of public shareholders also voted in favour.

How the votes fell

• Total shares held: 856178658
• Votes polled: 180357329, equal to 21.065% of outstanding shares
• Votes in favour: 180357260
• Votes against: 69
• Share of votes polled in favour: 100.000%; against: 0.000%

Category-wise, Public Institutions polled 172266044 votes, all in favour (100%), while Public Non-Institutions polled 8091285 votes, of which 8091216 were in favour and 69 against (99.999% in favour, 0.001% against). The Promoter and Promoter Group category polled 0 votes.

Votes left out of the count

The Scrutinizer's Report states that, pursuant to Regulation 23(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Second Proviso to Section 188(1) of the Companies Act, 2013, 67,55,36,243 votes were not considered for Resolution No. 1. The update also records that the promoter and promoter group were interested in the resolution.

What the Scheme involves, as told to members

At the meeting the Company Secretary briefed members on the salient features and rationale of the Scheme, including the modifications incorporated pursuant to the regulatory advisory of the Insurance Regulatory and Development Authority of India (IRDAI), the share exchange ratio, and the fact that no cash consideration is payable under the Scheme.

Meeting and process details

• 60777 shareholders were on the record date for the meeting
• 52 members attended through VC/OAVM: 1 from the Promoter and Promoter Group and 51 from the public
• The meeting ran from 11:00 A.M. to 11:25 A.M. (IST)
• Remote e-voting was open from 1st November 2026, 9:00 A.M. until 4th November 2026, 5:00 P.M. (IST); voting at the meeting stayed open for 15 minutes after it concluded
• Members' queries on the Scheme were answered by Mr. Kamesh Goyal, Chairperson of the Company

What this means for a retail shareholder

This is the shareholders' vote on a merger of a group entity into the listed insurance company. The size of the approval is visible in the numbers above: every vote polled in the Promoter category was nil, public institutional votes were 100% in favour, and only 69 votes were cast against. The resolution was carried both on the requisite majority and on the majority of public shareholders. The Scrutinizer's Report and voting results have been shared with the stock exchanges and made available on the company's website and on NSDL's e-voting website.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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