AYM Syntex received a GST show cause notice for F.Y. 2022-23 totaling ₹2.32 Crore, including tax, interest, and penalty. The company is evaluating the notice.
Value
₹2.32 Cr
From
Department of Goods and Services Tax, Government of Maharashtra
AYM Syntex Limited received a GST demand order for F.Y. 2020-21 totalling ₹0.58 Crore (including a ₹48,07,770 penalty and ₹10,27,225 interest) regarding wrongly availed ITC. The Company is evaluating filing an appeal and does not foresee a material financial impact.
AYM Syntex Limited will convene meetings for equity shareholders and unsecured creditors on May 25, 2026, following NCLT directions. The meetings pertain to the proposed Scheme of Amalgamation with Mandawewala Enterprises Limited. Remote e-voting is available from May 20 to May 24, 2026.
