Siyaram Silk Mills Limited Issues NCLT Hearing Notice for Scheme of Arrangement
Siyaram Silk Mills Limited has issued a regulatory disclosure regarding the Notice of Hearing for its Company Scheme Petition scheduled on April 16, 2026 at 10:30 a.m. before the NCLT Mumbai Bench. The company published newspaper advertisements on March 20, 2026, in Business Standard and Navshakti, following NCLT directions dated March 09, 2026, for the proposed Scheme of Arrangement between the company and its shareholders. The hearing seeks judicial sanction under Section 230 of the Companies Act, 2013.
*this image is generated using AI for illustrative purposes only.
Siyaram Silk Mills Limited has issued a regulatory disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stakeholders about the upcoming hearing for its Company Scheme Petition before the National Company Law Tribunal (NCLT).
NCLT Hearing Details
The Siyaram Silk Mills Limited Company Scheme Petition under Section 230 and other applicable provisions of the Companies Act, 2013, has been scheduled for final hearing on April 16, 2026 at 10:30 a.m. before the Hon'ble NCLT Mumbai Bench. The petition seeks sanction for the proposed Scheme of Arrangement between the company and its shareholders.
| Parameter: | Details |
|---|---|
| Hearing Date: | April 16, 2026 |
| Hearing Time: | 10:30 a.m. |
| Venue: | NCLT Mumbai Bench |
| Petition Type: | Company Scheme Petition |
| Legal Basis: | Section 230, Companies Act 2013 |
Regulatory Compliance and Publication
Pursuant to Regulation 30 of SEBI regulations, the company published newspaper advertisements on March 20, 2026, following directions from the NCLT Mumbai Bench dated March 09, 2026. The advertisements appeared in:
- Business Standard - All Editions in English
- Navshakti - Mumbai Edition in Marathi
The publication serves to notify all stakeholders about the hearing and provides an opportunity for any person supporting or opposing the scheme to present their case before the tribunal.
Legal Representation and Process
The company is represented by Mr. Raj Panchmatia, Partner at M/s. Khaitan & Co., who serves as the Petitioner Company's Advocate. Any person wishing to support or oppose the Company Scheme Petition must send written notice to the company's legal representatives at least two days before the hearing date.
| Contact Details: | Information |
|---|---|
| Advocate: | Mr. Raj Panchmatia |
| Law Firm: | M/s. Khaitan & Co. |
| Address: | One Forbes, 3rd & 4th Floors, Dr. V. B. Gandhi Marg, Mumbai - 400 001 |
| Email: | raj.panchmatia@khaitanco.com |
Company Information
Siyaram Silk Mills Limited, incorporated under the Companies Act, 1956, holds Corporate Identity Number CIN: L17116MH1978PLC020451. The company's registered office is located at H-3/2, MIDC, 'A' Road, Tarapur, Borivali, Palghar - 401506, Maharashtra, India.
The scheme of arrangement represents a significant corporate restructuring initiative that requires judicial approval from the NCLT. The hearing will determine whether the proposed arrangement serves the interests of the company and its shareholders in accordance with applicable legal provisions.
Historical Stock Returns for Siyaram Silk Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.33% | -2.14% | -9.66% | -26.29% | -28.55% | +151.48% |
What specific terms of the proposed scheme of arrangement could impact Siyaram Silk Mills' share price and trading volumes leading up to the April 2026 hearing?
How might potential opposition from stakeholders at the NCLT hearing affect the timeline and success of Siyaram's corporate restructuring plans?
What alternative strategic options would Siyaram Silk Mills consider if the NCLT rejects the proposed scheme of arrangement?
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