Proceedings of the meeting of Unsecured Creditors of the Company pursuant to the order of Hon''ble NCLT.
AYMSYNTEX · price
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AYM Syntex Ltd held a meeting of its Unsecured Creditors on May 25, 2026, as directed by the NCLT Mumbai Bench order dated April 6, 2026. The meeting was conducted via video conferencing. Unsecured creditors were asked to vote on a Scheme of Amalgamation where Mandawewala Enterprises Limited (Transferor Company) will merge into AYM Syntex Limited (Transferee Company). The meeting was chaired by Ms. Mala Todarwal, appointed by NCLT, and Mr. Hitesh Gupta served as Scrutinizer. Voting was conducted electronically with e-voting kept open for 15 minutes after the meeting. The meeting concluded at 4:15 PM.
This is a routine corporate restructuring exercise under Sections 230-232 of the Companies Act. The amalgamation, once approved by creditors and subsequently by NCLT, will consolidate Mandawewala Enterprises into AYM Syntex. Shareholders should monitor for final NCLT approval and effective date of merger, which will determine impact on shareholding structure.