AYM Syntex Limited — JV/Acquisition, 06-02-2025: Amalgamation/Merger

AYM Syntex Limited has approved the amalgamation of Mandawewala Enterprises Limited, simplifying the shareholding structure and enhancing direct promoter involvement. Mandawewala, holding a 62.80% stake in AYM Syntex, will see its shares cancelled and replaced by an equal number of newly issued shares in AYM. This merger aims to streamline operations, reduce regulatory compliance burdens, and eliminate costs associated with multiple record-keeping. Importantly, there will be no change in the promoter's percentage ownership post-amalgamation, which is set to strengthen their commitment to AYM Syntex.