Siyaram Silk Mills Shareholders Approve Scheme of Arrangement
Siyaram Silk Mills Limited held a meeting of its Equity Shareholders on Monday, December 29, 2025, at 11:00 a.m. IST, conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM). This me...
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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 company's shareholders approved a significant corporate action, the scheme of arrangement, which is generally viewed positively as it moves forward with the company's strategic plans.
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Siyaram Silk Mills Shareholders Approve Scheme of Arrangement
December 30, 2025, 01:35 PM
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Siyaram Silk Mills Limited held a meeting of its Equity Shareholders on Monday, December 29, 2025, at 11:00 a.m. IST, conducted through 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 Limited and its Shareholders, as per Section 230 of the Companies Act, 2013. The resolution presented at the meeting was passed with the requisite majority.
The voting process involved remote e-voting, which took place from December 24, 2025, to December 28, 2025, and e-voting during the meeting itself on December 29, 2025. A total of 64 equity shareholders attended the meeting via VC/OAVM. The combined results of the remote e-voting and the e-voting at the meeting confirmed the approval of the Scheme of Arrangement. The meeting concluded at 11:43 a.m. IST. The detailed voting results and the Consolidated Scrutinizer’s Report have been submitted to the stock exchanges.
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