NCLT-convened shareholders' meeting on 5 November 2026 to approve amalgamation of Go Digit Infoworks

NCLT Mumbai has directed a meeting of equity shareholders on Thursday, 5th November 2026 at 11:00 a.m. via VC/OAVM to approve the modified Scheme of Amalgamation of Go Digit Infoworks Services Pvt Ltd into the company.

Mon 28 Sep 2026

Shareholder Meeting Date

Thursday, 5th November 2026 at 11:00 a.m. via VC/OAVM

Remote E-voting Period

1st November 2026 (9:00 a.m.) to 4th November 2026 (5:00 p.m.)

Voting Cut-off Date

29th October 2026

CCI Approval Date

28th July 2026

Stock Exchange Observation Letters

22nd April 2026 with no adverse observations from NSE and BSE

What was shared

The company has issued the notice convening a meeting of its equity shareholders, as directed by the Hon'ble NCLT, Mumbai Bench, in its order dated 13th August 2026 in Company Scheme Application No. CA(CAA)-125/MB/2026.

The scheme

The proposal is a modified Scheme of Amalgamation of Go Digit Infoworks Services Private Limited (Transferor Company) with Go Digit General Insurance Limited (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 scheme was modified following an advisory issued by IRDAI.

Meeting and voting

• Meeting: Thursday, 5th November 2026 at 11:00 a.m. (IST), through VC/OAVM, deemed held at the registered office in Pune.
• Remote e-voting: from Sunday, 1st November 2026, 9:00 a.m. to Wednesday, 4th November 2026, 5:00 p.m.
• Cut-off date for voting entitlement: Thursday, 29th October 2026.
• E-voting during the meeting stays open for an additional 15 minutes after the discussion concludes.
• NSDL is the e-voting and VC facility provider; MUFG Intime India Private Limited is the RTA.

Approval threshold

The scheme needs approval by persons representing three-fourths in value of shares voted, and a majority of public shareholders voting in favour, as per Section 230(6) and the SEBI Scheme Circular.

Approvals so far

• Observation letters dated 22nd April 2026 with "no adverse observations" from NSE and BSE.
• Approval from the Competition Commission of India received on 28th July 2026.
• Still subject to IRDAI approval under Section 35 of the Insurance Act, 1938 and sanction by the NCLT.

Supporting documents

The notice is accompanied by the explanatory statement, the modified scheme, a valuation report dated 19th December 2025 by RBSA Valuation Advisors LLP recommending the share exchange ratio, a fairness opinion dated 19th December 2025 from Ernst & Young Merchant Banking Services LLP, pre and post scheme shareholding patterns and net worth statements, audited financial statements of both companies for FY2025 and FY2026, and additional disclosures pursuant to the exchange observation letters.

What it means for investors

This is a procedural step in an ongoing amalgamation. Shareholders on the register as on the cut-off date can vote on whether the scheme goes ahead. The outcome, and the pending IRDAI and NCLT approvals, will determine whether the merger is implemented.

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