Voting Results along with Scrutinizer''s Report of the Meeting of Unsecured Creditors convened pursuant to the order passed by Hon''ble NCLT.
AYMSYNTEX · price
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AYM Syntex Ltd has received unanimous approval (100%) from its unsecured creditors for the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) with AYM Syntex Ltd (Transferee Company). The NCLT Mumbai Bench had passed an order on April 6, 2026, directing the meeting of unsecured creditors. Out of 1,125 unsecured creditors on the cutoff date (September 30, 2025), 54 creditors participated and all voted in favor of the scheme. The total votes cast were 526,235,489 representing outstanding dues of Rs 52.54 crore. No votes were cast against the resolution and no invalid votes were recorded. The scheme is now subject to further NCLT sanction and other regulatory approvals.
The unanimous approval by unsecured creditors is a key milestone in the amalgamation process. This consolidation could expand AYM Syntex's business operations and asset base, potentially benefiting shareholders. However, the scheme still requires final NCLT sanction before implementation.