Merger26 May 2026, 05:01 pm
AYM Syntex: Amalgamation Scheme Approved by Shareholders
AI Summary
AYM Syntex Ltd. announced the voting results and Scrutinizer's Report from the Equity Shareholders meeting, convened following the NCLT order. The meeting, held on May 25, 2026, approved the Scheme of Amalgamation of Mandawewala Enterprises Limited with AYM Syntex Limited. According to the voting results, an overwhelming majority of shareholders voted in favor of the resolution, with detailed results available on the company's website.
Key Highlights
- AYM Syntex's shareholders approved the amalgamation scheme with Mandawewala Enterprises.
- 40,799,172 votes were cast in favor of the resolution, representing near 100% support.
- The meeting was convened as per the directions of the National Company Law Tribunal, Mumbai Bench.
- Scrutinizer's report confirms compliance with Companies Act and SEBI regulations.
Price Impact
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