AYM Syntex Limited Reports Significant Shareholder Approval for Amalgamation Scheme
AYM Syntex Limited released details regarding the results of the Equity Shareholders’ Meeting held on May 25, 2026. The meeting focused on the proposed Scheme of Amalgamation of Mandawewala Enterprises Limited with AYM Syntex Limited.The company provided consolidated voting results and a Scrutinizer's Report detailing the process conducted through remote e-voting and e-voting during the meeting.
Key Meeting and Voting Details
The meeting, convened to consider the Scheme of Amalgamation, had a cut-off date of May 18, 2026. On this date, the total number of shareholders recorded was 8,402. Attendance at the meeting saw 4 promoter and promoter group representatives, along with 34 public shareholders, attending via Video Conferencing/Other Audio Visual Means.The scheme proposed was the approval for the Amalgamation of Mandawewala Enterprises Limited (the Transferor Company) with AYM Syntex Limited (the Transferee Company), subject to sanction by appropriate authorities.
Voting Results Summary
The voting process was conducted through remote e-voting, commencing on Wednesday, May 20, 2026, and concluding on Sunday, May 24, 2026. A final e-voting facility was also provided during the meeting on May 25, 2026.The results for the approval of the Scheme of Amalgamation are summarized below:
Total Voting Results
| Category | Total Votes | Total Votes | Invalid/Not Voted | Valid Votes | Valid Votes in Favour | Valid Votes Against |
|---|---|---|---|---|---|---|
| Total | 58,614,091 | 40,799,182 | 10 | 40,799,172 | 40,799,172 | 10 |
Breakdown of Votes Cast
The company’s voting record was categorized by shareholder segment, showing the votes polled through remote e-voting and the subsequent e-voting during the meeting.| Category | Mode of Voting | No. of Shares Held | No. of Votes Polled | % of Votes Polled | No. of Votes in Favour | No. of Votes Against | % of Votes in Favour | % of Votes Against |
|---|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group (Total) | Remote E-Voting | 38,604,789 | 38,604,789 | 100.0000% | 38,604,789 | 0 | 100.0000% | 0.0000% |
| Public - Institutions (Total) | Remote E-Voting | 2,317,774 | 201,059 | 8.6747% | 201,059 | 0 | 100.0000% | 0.0000% |
| Public - Non-Institutions (Total) | Remote E-Voting | 17,691,528 | 1,993,334 | 11.2672% | 1,993,324 | 10 | 99.9995% | 0.0005% |
| Overall Total | Total | 58,614,091 | 40,799,182 | 69.6064% | 40,799,172 | 10 | 100.0000% | 0.0000% |
The reports confirmed that the overwhelming majority of votes were cast in favour of the resolution seeking approval for the Scheme of Amalgamation.
The company filed the results and the Scrutinizer's Report detailing the voting process, confirming the details of the two-stage voting procedure used for the Scheme of Amalgamation.
AYMSYNTEX Stock Price Movement
Today, AYM Syntex Limited settled at ₹217.46, rallying 2.38% and gaining ₹5.12 in post-market trading. The stock traded within a range of ₹207 to ₹220 today, with a total volume of 31,840 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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