Digjam has informed that the Board of Directors of the Company at its meeting held on May 30, 2015, has decided to incorporate a subsidiary company and invest upto Rs. 5 lacs in the Equity shares thereof. The said company would initially be engaged in trading in all kinds of textiles including yarn and fabrics and may also take up manufacturing in due course. A Committee of the Board of Directors has been constituted to finalise the details and guide the implementation.
The above information is a part of company’s filings submitted to BSE.