Siyaram Silk Mills Limited has informed the Exchange regarding Proceedings of Court convened Unsecured Creditors Meeting held on December 29, 2025
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Siyaram Silk Mills Limited held a court-convened meeting of unsecured creditors on December 29, 2025, via video conferencing, as directed by the NCLT Mumbai Bench (order dated November 4, 2025). The meeting was chaired by Shri Ashok Jalan, Senior President cum Director, and lasted about 26 minutes (12:30 p.m. to 12:56 p.m. IST). The sole item on the agenda was to consider and approve a proposed Scheme of Arrangement between the company and its shareholders under Section 230 of the Companies Act, 2013. No unsecured creditor asked questions or raised queries during the meeting. The Scrutinizer's report and e-voting results will be announced within two working days and shared with the stock exchanges.
The outcome of the unsecured creditors' vote on the Scheme of Arrangement is pending. Approval from creditors is a key step before the NCLT can sanction the scheme; shareholders should watch for the e-voting result, which could influence the stock in the near term.