AYM Syntex's unsecured creditors have overwhelmingly approved the merger with Mandawewala Enterprises Limited.

The scheme aims to combine the two entities, with creditors representing an outstanding amount of INR 52.62 Crore casting 100% of their votes in favor.

This is a crucial step towards the amalgamation.

The merger now awaits final sanction from the National Company Law Tribunal (NCLT) and other necessary regulatory clearances, which, once obtained, are expected to streamline operations for AYM Syntex and its shareholders.