AYM Syntex Limited has informed the Exchange about Proceedings of the meeting of Unsecured Creditors of the Company pursuant to the order of Hon'ble NCLT.
AYMSYNTEX · price
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AYM Syntex Limited held a meeting of Unsecured Creditors on May 25, 2026, convened by order of the Hon'ble NCLT, Mumbai Bench (order dated April 6, 2026). The meeting, chaired by Ms. Mala Todarwal (appointed by NCLT), was conducted via video conferencing. The agenda was to consider and approve a Scheme of Amalgamation whereby Mandawewala Enterprises Limited (Transferor Company) will merge into AYM Syntex Limited (Transferee Company). The meeting was held under Sections 230-232 of the Companies Act, 2013. Voting was conducted electronically (remote e-voting and e-voting during meeting) with Mr. Hitesh Gupta appointed as Scrutinizer. The meeting concluded at 4:15 PM. Voting results were not included in the proceedings summary filed.
This is a routine procedural step in a court-supervised amalgamation process. No immediate impact on stock price, but if the scheme is approved by all creditor classes and subsequently by NCLT, it will affect the company's corporate structure and potentially shareholder value.