Siyaram Silk Mills Limited has submitted the Exchange a copy Srutinizers report of Court Convened Meeting of Unsecured Creditors held on December 29, 2025. Further, the company has informed the Exchange regarding voting results.
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Siyaram Silk Mills Limited has submitted the voting results and Scrutinizer's report of the Court Convened Meeting of Unsecured Creditors held on December 29, 2025. The meeting was directed by the NCLT Mumbai Bench (order dated November 4, 2025) to seek approval of unsecured creditors on a Scheme of Arrangement between the company and its shareholders under Section 230 of the Companies Act, 2013. A total of 113 unsecured creditors voted, with 1,095,265,715.7 votes (100%) cast in favour and zero against the resolution. The resolution was passed with the requisite majority. The meeting concluded at 12:56 p.m. after about 26 minutes.
The unsecured creditors have approved the Scheme of Arrangement between the company and its shareholders, moving the NCLT-driven scheme closer to final clearance. This is a procedural milestone and is broadly supportive of the company's restructuring plan, though the ultimate effect on shareholders will depend on the scheme's specific terms.