AYM Syntex Limited — JV/Acquisition, 18-03-2025: Amalgamation/Merger

AYM Syntex Limited has confirmed the approval of amendments to the Scheme of Amalgamation with Mandawewala Enterprises Limited, following a recent meeting of its Merger Committee. Notably, the authorized share capital of AYM Syntex will increase from ₹92 crore to ₹221 crore, allowing for greater flexibility in share allocation. The merger aims to create operational efficiencies and enhance market positioning. The updated Scheme will be published on the company's website, with all other aspects remaining unchanged. These changes are expected to provide a clearer framework for future capital structuring and shareholder value optimization.