Go Digit General Insurance Limited has submitted an updated Scheme of Amalgamation with Go Digit Infoworks Services Private Limited. This revision, advised by IRDAI, specifically incorporates references to Section 35 of the Insurance Act, 1938, and its related rules. The company confirms that no other material changes have been made to the Scheme, preserving its original essence.
Scheme Amendment for Regulatory Adherence
Go Digit General Insurance Limited (GDGIL) has officially updated its draft Scheme of Amalgamation with Go Digit Infoworks Services Private Limited. This update is a direct response to an advisory from the Insurance Regulatory and Development Authority of India (IRDAI), dated 4th September 2026. The primary purpose of this revision is to specifically include references to Section 35 of the Insurance Act, 1938, and the associated rules and regulations.
No Material Changes to Core Scheme
The company emphasizes that the Scheme of Amalgamation, which aims to amalgamate Go Digit Infoworks Services Private Limited with GDGIL, has undergone minimal alterations. The modifications are limited to regulatory compliance and do not affect the fundamental structure or substance of the original Scheme. The updated Scheme has been submitted to the relevant authorities, including the National Company Law Tribunal (NCLT), IRDAI, and shareholders, for their necessary approvals.
Regulatory Process Continues
The update aims to align the amalgamation process with the regulatory framework without altering the core business objectives or shareholder implications. This procedural adjustment is a necessary step as the company moves forward with the amalgamation, which is subject to various statutory and regulatory approvals.
Source: BSE
