AYM Syntex Limited Unsecured Creditors Approve Amalgamation Scheme of Mandawewala Enterprises
AYM Syntex Limited announced the voting results and the Scrutinizer's Report following the Meeting of the Unsecured Creditors of the Company. The meeting was convened on May 25, 2026, pursuant to the order passed by the National Company Law Tribunal (NCLT), Mumbai Bench. The meeting addressed the Scheme of Amalgamation of Mandawewala Enterprises Limited with AYM Syntex Limited.The meeting was held on May 25, 2026, and the relevant voting results were made available to stakeholders. The Unsecured Creditors had been given a cut-off date of September 30, 2025, for determining eligibility.
Voting Results on Amalgamation Scheme
The core resolution considered by the Unsecured Creditors was the approval of the Scheme of Amalgamation of Mandawewala Enterprises Limited (the Transferor Company) with AYM Syntex Limited (the Transferee Company or Company).The voting analysis for the resolution confirmed a decisive approval of the Scheme.
The consolidated results from the voting process showed the following voting pattern:
| Category | Total Votes Polled | Total Votes in Favour | Total Votes Against | Total Invalid Votes |
|---|---|---|---|---|
| Unsecured Creditors | 526,235,489 | 526,235,489 | 0 | 0 |
As per the detailed findings, the outcome confirmed that 54 Unsecured Creditors were present and voting. The total number of valid votes cast was 526,235,489, resulting in 100% of valid votes cast being in favour of the resolution.
Creditor Details
The Scrutinizer's Report detailed the names of Unsecured Creditors who voted 'For' the Scheme. The vote count was driven by 54 creditors, with the total outstanding amount due to the Company on September 30, 2025, amounting to INR 526,235,489.A selection of the top Unsecured Creditors who voted in favour included:
| Unsecured Creditor Name | Outstanding Amount (INR) [as on 30 September 2025] | No. of Votes |
|---|---|---|
| Fujianinylone- Commerce Co. Ltd | 348,215,524 | 348,215,524 |
| Jiangsu Haiyang Nylon New Material Co. Ltd | 35,789,240 | 35,789,240 |
| Kanghui International Trade (Jiangsu) Co. Ltd | 84,269,942 | 84,269,942 |
| Sarawak Filters And Wire Mesh Private Limited | 1,325,782 | 1,325,782 |
Conversely, the report confirmed that no Unsecured Creditor voted against the resolution, and there were no invalid votes recorded.
The results confirm the passage of the Scheme of Amalgamation, paving the way for AYM Syntex Limited to proceed with the proposed amalgamation of Mandawewala Enterprises Limited.
AYMSYNTEX Stock Price Movement
Today, shares of AYM Syntex Limited rallied, closing out the day at ₹217.46 after gaining 2.38%. The stock finished the session on notable volume, recording 31,840 shares traded.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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