AYM Syntex is merging with Mandawewala Enterprises (MEL) to streamline its shareholding structure and cut compliance costs.

MEL, currently AYM's parent, holds ~62.71% of AYM's equity.

Post-merger, MEL's shareholders will directly receive AYM shares, effectively transferring their indirect stake to direct ownership.

This means no change in promoter or public shareholding percentage in AYM, ensuring no dilution for existing investors and consistent economic interest.

The NCLT has scheduled shareholder and creditor meetings on May 25, 2026, for approval, with final NCLT sanction required.

A fairness assessment supports the share exchange.