The NCLT, Mumbai Bench, vide order dated 21.07.2026, sanctioned the Scheme of Arrangement under Section 230 of the Companies Act, 2013 between Siyaram Silk Mills Limited and its shareholders, providing for the issue of 4 Series I and 3 Series II Preference Shares of Rs. 10 each for every 1 equity share, by way of bonus out of general reserves. The Company Petition was made absolute with the Appointed Date as the Effective Date, subject to directions on ROC filing in e-Form INC-28 within 30 days, stamp duty adjudication within 60 days, and liberty reserved to the Income Tax Department to examine any tax payable or tax avoidance arising from the Scheme.
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