AYM Syntex to Convene Meetings for Mandawewala Amalgamation
AYM Syntex Ltd. will convene meetings of its equity shareholders and unsecured creditors on May 25, 2026, as per an NCLT order dated April 6, 2026. The purpose of these meetings is to consider and approve, with or without modifications, the Scheme of Amalgamation of Mandawewala Enterprises Limited (Transferor Company) with AYM Syntex Limited (Transferee Company) and their respective shareholders. The meetings will be held through Video Conference/Other Audio Visual Means. The equity shareholders' meeting is scheduled for 12:00 PM IST, and the unsecured creditors' meeting for 4:00 PM IST. Remote e-voting for equity shareholders will commence on May 20, 2026, and conclude on May 24, 2026, with May 18, 2026, as the cut-off date.
Key Highlights
- NCLT ordered meetings for AYM Syntex's amalgamation scheme.
- Shareholders and creditors to vote on Mandawewala Enterprises merger.
- Meetings scheduled for May 25, 2026, via video conference.
- E-voting for shareholders is from May 20 to May 24, 2026.
- The scheme aims to streamline corporate structure.
Price Impact