Siyaram Silk Mills Holds Shareholder Meeting for Scheme of Arrangement Approval
Siyaram Silk Mills Limited convened a crucial meeting of its equity shareholders on Monday, December 29, 2025, at 11:00 a.m. IST. The meeting was conducted via Video Conferencing (VC)/Other Audio Visu...
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Why is Siyaram Silk Mills Limited in the news today?
Siyaram Silk Mills Limited (SIYSIL) is in the news due to the announcement details a procedural meeting for a scheme of arrangement approval, which is a standard corporate action. there is no immediate positive or negative financial or business outcome reported.
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Siyaram Silk Mills Holds Shareholder Meeting for Scheme of Arrangement Approval
December 29, 2025, 01:33 PM
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Siyaram Silk Mills Limited convened a crucial meeting of its equity shareholders on Monday, December 29, 2025, at 11:00 a.m. IST. The meeting was conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM) as per the order of the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated November 4, 2025. The primary agenda was to consider and approve a proposed Scheme of Arrangement between Siyaram Silk Mills and its shareholders, under Section 230 of the Companies Act, 2013. The scheme details were previously communicated in a notice dated November 24, 2025.
The meeting, chaired by Shri. Ashok Jalan, Senior President cum Director, commenced with introductions and a procedural overview by Company Secretary Shri. Mahipal Thakur. The process of remote e-voting and e-voting during the meeting was facilitated by Scrutinizer Shri. Prasen Naithani, as appointed by the NCLT. Following the Chair's address and a discussion where shareholders' queries were addressed, the Scheme of Arrangement was put forth for approval.
The proceedings concluded at 11:43 a.m. IST. The Scrutinizer's Report is expected within two working days of the meeting's conclusion. The results of the e-voting will be disseminated to the stock exchanges and published on the company's website and the NSDL website.
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