Siyaram Silk Mills Holds Unsecured Creditors Meeting for Scheme of Arrangement

Siyaram Silk Mills Limited held a meeting of its Unsecured Creditors on Monday, December 29, 2025, at 12:30 p.m. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). This meeting was conve...

Siyaram Silk Mills Limited held a meeting of its Unsecured Creditors on Monday, December 29, 2025, at 12:30 p.m. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). This meeting was convened pursuant to an order from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated November 4, 2025. The primary purpose of the meeting was to consider and approve a proposed Scheme of Arrangement between Siyaram Silk Mills and its shareholders, as outlined in the notice dated November 24, 2025, and under Section 230 of the Companies Act, 2013. The meeting was chaired by Shri Ashok Jalan, Senior President cum Director, with Shri Mahipal Thakur, Company Secretary, assisting in the proceedings. The Company Secretary provided details regarding quorum, Q&A, remote e-voting, and e-voting at the meeting. Shri Prasen Naithani, Practicing Company Secretary, was appointed as the Scrutinizer for the voting process. No questions or queries were raised by any of the Unsecured Creditors present. The Chairperson informed the attendees that the Scrutinizer's Report would be submitted within two working days of the meeting's conclusion. The results of the e-voting will be disseminated to the stock exchanges and uploaded on the company's website, as well as on the website of National Securities Depositories Limited (NSDL). The meeting, which commenced at 12:30 p.m. IST, concluded at 12:56 p.m. IST.

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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. there are no financial results or specific outcomes that would indicate a positive or negative sentiment.

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Siyaram Silk Mills Holds Unsecured Creditors Meeting for Scheme of Arrangement

December 29, 2025, 01:41 PM

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Siyaram Silk Mills Limited held a meeting of its Unsecured Creditors on Monday, December 29, 2025, at 12:30 p.m. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). This meeting was convened pursuant to an order from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated November 4, 2025.

The primary purpose of the meeting was to consider and approve a proposed Scheme of Arrangement between Siyaram Silk Mills and its shareholders, as outlined in the notice dated November 24, 2025, and under Section 230 of the Companies Act, 2013.

The meeting was chaired by Shri Ashok Jalan, Senior President cum Director, with Shri Mahipal Thakur, Company Secretary, assisting in the proceedings. The Company Secretary provided details regarding quorum, Q&A, remote e-voting, and e-voting at the meeting. Shri Prasen Naithani, Practicing Company Secretary, was appointed as the Scrutinizer for the voting process.

No questions or queries were raised by any of the Unsecured Creditors present. The Chairperson informed the attendees that the Scrutinizer's Report would be submitted within two working days of the meeting's conclusion. The results of the e-voting will be disseminated to the stock exchanges and uploaded on the company's website, as well as on the website of National Securities Depositories Limited (NSDL).

The meeting, which commenced at 12:30 p.m. IST, concluded at 12:56 p.m. IST.

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