AYM Syntex Limited — JV/Acquisition, 04-04-2025: Amalgamation/Merger

AYM Syntex Limited's Merger Committee has approved amendments to the merger scheme with Mandawewala Enterprises Limited, as required by the National Stock Exchange. Mandawewala Enterprises, a public limited company based in Gujarat, is in the process of relocating its registered office to Mumbai. It currently holds approximately 62.80% of AYM Syntex's share capital. AYM Syntex, a major manufacturer of specialty synthetic yarns, is also shifting its registered office to Mumbai. These developments may enhance operational efficiencies and strengthen market positioning, potentially favoring investor sentiment towards growth opportunities. The amended scheme details will be available on the company’s website.