AYM Syntex shareholders have overwhelmingly approved the amalgamation scheme with Mandawewala Enterprises Limited.

Over 99.99% of total votes cast by shareholders were in favor of the merger.

This approval is a key step towards combining the two entities, which still requires final sanction from the National Company Law Tribunal (NCLT). The merger aims to streamline operations; however, specific details on synergy or shareholder impacts like share swap ratios were not detailed in this update.

Investors should note this strong shareholder confidence.