AYM Syntex Limited has informed the Exchange regarding Proceedings of the meeting of Equity Shareholders of the Company pursuant to the order of Hon''ble NCLT.
AYMSYNTEX · price
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.9 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 equity shareholders meeting on May 25, 2026, pursuant to an NCLT Mumbai Bench order dated April 6, 2026. The meeting, chaired by Ms. Mala Todarwal (NCLT-appointed Chairperson), was conducted via video conferencing. Shareholders were asked to consider and approve the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) with AYM Syntex Limited (Transferee Company). Electronic voting was provided both before and during the meeting. Mr. Hitesh Gupta served as the NCLT-appointed Scrutinizer. The meeting concluded at 12:15 PM IST after e-voting remained open for 15 minutes post-meeting.
This marks a significant corporate restructuring where AYM Syntex will absorb Mandawewala Enterprises Limited. Shareholders should monitor for final NCLT approval and the swap/ratio details, which will determine the impact on their holdings and the combined entity's valuation.