Siyaram Silk Mills Unsecured Creditors Approve Scheme of Arrangement
Siyaram Silk Mills Limited convened a meeting of its Unsecured Creditors on December 29, 2025, to consider and approve a proposed Scheme of Arrangement. This meeting was held via Video Conferencing/Ot...
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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 unsecured creditors have approved the proposed scheme of arrangement, which is a positive development for the company's restructuring plans.
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Siyaram Silk Mills Unsecured Creditors Approve Scheme of Arrangement
December 30, 2025, 01:44 PM
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Siyaram Silk Mills Limited convened a meeting of its Unsecured Creditors on December 29, 2025, to consider and approve a proposed Scheme of Arrangement. This meeting was held via Video Conferencing/Other Audio Visual Means as per the order of the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated November 4, 2025.
The resolution concerning the Scheme of Arrangement, as detailed in the notice dated November 24, 2025, was put forth for approval. The voting process included remote e-voting from December 24 to December 28, 2025, and e-voting during the meeting on December 29, 2025. The meeting concluded at 12:56 p.m. IST.
The voting results, consolidated by the Scrutinizer, indicate that the resolution was passed with the requisite majority. Out of 5872 Unsecured Creditors on the record date of December 22, 2025, 106 attended the meeting through Video Conferencing. The voting data showed that all votes polled were in favour of the resolution, with no votes cast against it. The Scrutinizer's report confirmed the successful passing of the resolution.
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