AYM Syntex Limited has submitted 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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AYM Syntex Limited held an NCLT-convened meeting of equity shareholders on May 25, 2026 to seek approval for the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) into AYM Syntex Limited (Transferee Company). The scheme was approved by an overwhelming majority with 40,799,172 votes in favor (99.9999%) against just 10 votes against. Total participation was 69.6% of outstanding shares (40,799,182 votes out of 58,614,091 eligible). Both promoters and public shareholders voted overwhelmingly in favor. The meeting was conducted via video conferencing as per NCLT order dated April 6, 2026, with voting done through remote e-voting and e-voting at the meeting.
Shareholders have approved the amalgamation, which will combine Mandawewala Enterprises with AYM Syntex. The scheme now awaits final NCLT sanction. This structural change could expand AYM Syntex's business scale and assets, potentially benefiting shareholders through synergies.