AYM Syntex Limited has informed the Exchange about convening of meeting of Unsecured Creditors and Shareholders of the Company pursuant to order dated April 6, 2026, as issued by Hon''ble NCLT, Mumbai Bench for the purpose of approving the Scheme of Amalgamation.
AYMSYNTEX · price
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AYM Syntex Limited has received an NCLT Mumbai Bench order dated April 6, 2026, directing the company to convene meetings of equity shareholders and unsecured creditors on May 25, 2026 to approve the Scheme of Amalgamation. Under this scheme, Mandawewala Enterprises Limited (the Transferor Company) will be amalgamated into AYM Syntex Limited (the Transferee Company). The meetings will be held via video conferencing, with remote e-voting available from May 20-24, 2026. The scheme requires approval by majority of shareholders representing 3/4 in value, along with a favorable vote from public shareholders exceeding votes against.
If approved, this amalgamation will absorb Mandawewala Enterprises into AYM Syntex, potentially expanding the company's scale and operations. Shareholders should monitor the voting outcome as this structural change could impact the company's financials and future prospects.