AYM Syntex Limited
Incorporated in 1985, AYM SyntexLtd is a manufacturer and exporterof Polyester Filament Yarn, NylonFilament Yarn and Bulk, ContinuousFilament Yarn
What AYM files
- Others66
- Important19
- JV/Acquisition10
- Results7
- Board Meeting7
- Updates5
AYM Syntex's manufacturing and warehouse operations are temporarily impacted by flooding. The company is assessing the damage and financial impact. Importantly, AYM Syntex has adequate insurance coverage to mitigate potential losses.
AYM Syntex allotted 53,792 equity shares to employees exercising stock options. This increases the company's paid-up share capital from Rs. 58.73 Cr to Rs. 58.79 Cr, slightly expanding its equity base.
AYM Syntex allotted 1,20,000 equity shares via its ESOP scheme, increasing paid-up capital from Rs 58.61 Cr to Rs 58.73 Cr, following employee option exercise.
AYM Syntex will merge with its parent, Mandawewala Enterprises, aiming to streamline promoter shareholding structure. No new financial burden on AYM Syntex is anticipated, with costs covered by the transferor. Economic interests of shareholders remain unchanged. AYM Syntex has ~233.40 Cr in unsecured and ~224.84 Cr in secured debt.
AYM Syntex established a 100% owned subsidiary, Innovative Yarns LLC, in the USA. This new entity will trade textile products, including yarns and fibres, expanding the company's global reach into the US market.