Siyaram Silk Mills: NCLT Approves Scheme of Arrangement

Siyaram Silk Mills Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for its Scheme of Arrangement with its shareholders. The scheme, sanctioned under Sections 230 of the Companies Act, 2013, involves the issuance of preference shares by way of bonus to shareholders, utilizing the company's general reserves. The NCLT order, dated July 21, 2026, follows unanimous approval from the company's Board of Directors on October 26, 2024, and compliance with requirements for shareholder and creditor meetings. The company will now proceed with further steps to implement the scheme.