DGNX · Diginex Limited

Diginex Limited is convening an Extraordinary General Meeting primarily to address Nasdaq listing compliance issues through a significant capital restructuring. The company received formal notification from Nasdaq on March 23, 2026, that its share price had fallen below the $1.00 minimum bid requirement for 30 consecutive business days, triggering a 180-day compliance period ending September 21, 2026. To regain compliance, the company proposes an 8-for-1 reverse stock split that would effectively reverse a 1-for-8 bonus share split implemented in September 2025. This consolidation, combined with an increase in authorized share capital from the current structure to 495 million ordinary shares and 5 million preferred shares, is designed to boost the per-share price above Nasdaq's threshold while maintaining the same proportional ownership for existing shareholders. The company explicitly states these changes will provide 'additional headroom for future corporate purposes, such as M&A' and 'flexibility to support general corporate purposes.' The Board unanimously supports all proposals, emphasizing they are 'in the best interests of the Company and its shareholders.' If shareholders approve the measures, implementation timing will be determined by the Board, with the changes automatically applied to brokerage accounts and registered shareholders receiving instructions from the transfer agent. The company maintains its Ordinary Shares will continue trading on Nasdaq under symbol 'DGNX' throughout this process.