AYM Syntex Limited Shareholders Approve Scheme of Amalgamation
AYM Syntex Limited held a meeting of its Equity Shareholders on Monday, May 25, 2026, to address a significant corporate transaction: the Scheme of Amalgamation. The proceedings were conducted at 12:00 P.M. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM).The meeting was chaired by Ms. Mala Todarwal, a chairperson appointed by the National Company Law Tribunal (NCLT). Mr. Kaushal Patvi, the Company Secretary, welcomed the attendees, which included Board of Directors, Scrutinizer, and Equity Shareholders. Mr. Hitesh Gupta, a Practicing Company Secretary, was present as the Scrutinizer appointed by the NCLT.
During the proceedings, the Chairperson delivered a briefing on the rationale and purpose of the proposed Scheme.
Amalgamation Approval Transacted
The primary business transacted during the shareholder meeting focused on the proposed merger between two entities. The shareholders were asked to consider and approve the Scheme of Amalgamation involving Mandawewala Enterprises Limited and AYM Syntex Limited.The resolution passed required the consideration and approval of the Scheme of Amalgamation:
| Particulars | Role | Action |
|---|---|---|
| Mandawewala Enterprises Limited | Transferor Company | Amalgamation with AYM Syntex Limited |
| AYM Syntex Limited | Transferee Company | Approval of Amalgamation Scheme |
| Resolution Type | Approval | Scheme of Amalgamation |
Following the formal transaction of the resolution, E-voting was kept open for 15 minutes to allow Equity Shareholders to cast their votes electronically. The meeting concluded at 12:15 P.M. IST, with a vote of thanks to the Chairperson.
AYMSYNTEX Stock Price Movement
On Monday, AYM Syntex Limited shares rallied 6.23% to close at ₹214.88. The stock saw 11,191 shares traded during the session, contributing to the upward momentum.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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