AYM Syntex Limited has informed the Exchange about Voting Results along with Scrutinizer''s Report of the Meeting of Equity Shareholders convened pursuant to the order passed by Hon''ble NCLT.
AYMSYNTEX · price
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On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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AYM Syntex Limited held an NCLT-convened shareholder meeting on May 25, 2026, to vote on the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) with AYM Syntex Limited (Transferee Company). The resolution was passed with overwhelming approval - 99.9999% of votes in favor (40,799,172 votes) with only 10 votes against from over 40.79 million votes polled. Promoter and promoter group voted 100% in favor (38.6 million shares). The scheme was approved under Sections 230-232 of the Companies Act, 2013, and is now pending sanction by the Hon'ble NCLT Mumbai Bench.
The near-unanimous shareholder approval clears a key hurdle for the amalgamation. Once NCLT grants its sanction, Mandawewala Enterprises will merge into AYM Syntex, which could impact the company's financials and structure. Investors should monitor for NCLT approval and any subsequent swap ratio details.