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HGS Receives Approval from Shareholders for NXTDIGITAL Scheme

Partha DeSarkar, Executive Director and Group CEO of HGS said: “We are very pleased with the outcome of the convened meeting. Our minority shareholders have reposed their faith in us and supported the Scheme of Arrangement with NXTDIGITAL with an overwhelming majority.

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Hinduja Global Solutions (HGS) (listed in BSE & NSE) today announced the voting results of the remote e-voting and voting at the meeting of the Equity Shareholders of Hinduja Global Solutions Limited held today to consider and approve the Scheme of Arrangement between NXTDIGITAL Limited and Hinduja Global Solutions Limited and their respective shareholders.

The Resolution received approval of 94.2567% of the shareholders exercising their voting rights.

Speaking on the outcome of the voting results, Partha DeSarkar, Executive Director and Group CEO of HGS said: “We are very pleased with the outcome of the convened meeting today. Our minority shareholders have reposed their faith in us and supported the Scheme of Arrangement with NXTDIGITAL with an overwhelming majority. On behalf of the management, I would like to thank them for their continued support to HGS as we chart out a new growth path together, which is focused on creating a differentiated, digital-led customer experience business. The Scheme of Arrangement with NXTDIGITAL provides HGS an opportunity to actively participate in the Government’s Digital India program, an exciting initiative that can transform the country.”

In February 2022, HGS’ Board of Directors had approved the Scheme of Arrangement to acquire NXTDIGITAL’s media and digital business. The Hon’ble National Company Law Tribunal had convened a meeting of HGS’ Equity Shareholders on September 2, 2022 to consider the Scheme of Arrangement.

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