AYM Syntex Limited has informed the Exchange about Newspaper Publication of Notice to Equity Shareholders and Unsecured Creditors pursuant to NCLT order dated April 6, 2026, pertaining to Scheme of Amalgamation
AYMSYNTEX · price
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AYM Syntex Limited has published a notice informing equity shareholders and unsecured creditors about a scheduled meeting to consider the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) with AYM Syntex Limited (Transferee Company). The NCLT Mumbai Bench ordered this meeting on April 6, 2026. Meetings for equity shareholders and unsecured creditors are scheduled for May 25, 2026, via video conferencing. Remote e-voting will be open from May 20, 2026 (9:00 AM IST) to May 24, 2026 (5:00 PM IST). Ms. Mala Todarwal has been appointed as the chairperson for the meetings, and Mr. Hitesh Gupta will act as scrutinizer. If approved by shareholders and creditors, the scheme will require subsequent NCLT approval.
Shareholders should participate in the e-voting process as this amalgamation will affect their ownership structure. The outcome of the voting on May 25, 2026, will determine whether the merger proceeds, which could impact AYM Syntex's future financial position and operations.