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 announced an NCLT-convened meeting on May 25, 2026 for equity shareholders (12:00 PM) and unsecured creditors (4:00 PM) to approve the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) with AYM Syntex Limited (Transferee Company). The meeting will be conducted via Video Conference/OAVM as directed by NCLT Mumbai Bench-IV order dated April 6, 2026. E-voting will be available from May 20-24, 2026 with a cut-off date of May 18, 2026. The scheme requires approval by 3/4th majority in value of shareholders voting, and separately, public shareholders must vote in favor for the scheme to proceed. After shareholder approval, the scheme will be subject to NCLT sanction.
The amalgamation, if approved and sanctioned, will result in Mandawewala Enterprises merging into AYM Syntex. Shareholders should participate in the e-voting process as this is a significant corporate restructuring that will affect the company's structure and potentially its financials.