AYM Syntex Limited — Proxy Solicitation & Information Statement 2024

Sep 27, 2024

September 27,2024 September 27, 2024

To, To,	To, To,
BSELimited BSE Limited	Exchange ofIndia Stock National Limited National Stock Exchange of India Limited
JeejeebhoyTowers, Phiroze Phiroze Jeejeebhoy Towers,	Exchange C/1, Plot No. Plaza, Exchange Plaza, Plot No. C/1,
Dalal Street, Dalal Street,	Complex, Bandra-Kurla G Block, G Block, Bandra-Kurla Complex,
Mumbai—400001 Mumbai – 400 001	Mumbai—400051 Bandra (East), Bandra (East), Mumbai – 400 051
508933 Code: Scrip Scrip Code: 508933	AYMSYNTEX Symbol: Symbol: AYMSYNTEX

DearSir/ Madam, Dear Sir/ Madam,

Sub: Corrigendum to the Notice of the Extra-Ordinary General Meeting ('EGM') of AYM Syntex Limited Sub: Corrigendum to the Notice of the Extra-Ordinary General Meeting ('EGM') of AYM Syntex Limited

This is in furtherance to our letter dated September 20,2024, wherein the Company had informed regarding the Extraordinary General Meeting ofthe shareholders of AYM Syntex Limited which is scheduled to be held on Wednesday, October 16,2024 at11:00 A.M. (IST) through Video Conference ('VC')/ OtherAudio Visual Means('OAVM'). This is in furtherance to our letter dated September 20, 2024, wherein the Company had informed regarding the Extraordinary General Meeting of the shareholders of AYM Syntex Limited which is scheduled to be held on Wednesday, October 16, 2024 at 11:00 A.M. (IST) through Video Conference ('VC') / Other Audio Visual Means ('OAVM').

The EGM Notice was dispatched tothe shareholders ofthe CompanyonSeptember20,2024, in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board ofIndia. The EGM Notice was dispatched to the shareholders of the Company on September 20, 2024, in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

The corrigendum tothe Notice of the EGM shall form an integral part of the Notice of EGM dated September 20,2024, which has already been circulated to shareholders of Company andonandfrom thedate hereof, the Notice ofthe EGM shall always be read in conjunction with this Corrigendum. The corrigendum to the Notice of the EGM shall form an integral part of the Notice of EGM dated September 20, 2024, which has already been circulated to shareholders of Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum.

The corrigendum is available on the website ofthe Companyatwww.aymsyntex.com. The corrigendum is available on the website of the Company at www.aymsyntex.com.

All othercontents ofthe Notice ofEGM,save and except asmodified orsupplemented bythe Corrigendum, shall remain unchanged. All other contents of the Notice of EGM, save and except as modified or supplemented by the Corrigendum, shall remain unchanged.

The Corrigendum totheNotice ofthe EGM is attached herewith. The Corrigendum to the Notice of the EGM is attached herewith.

Kindly take the aboveon record. Kindly take the above on record.

For AYM Syntex Limited For AYM Syntex Limited

KAUSHA LR PA ^I Digitally signed by KAUSHALR PATVI Date: 2024.09.27 17:14:16 +05'30' KAUSHA L R PATVI Digitally signed by KAUSHAL R PATVI Date: 2024.09.27 17:14:16 +05'30'

Kaushal Patvi CompanySecretary Kaushal Patvi Company Secretary

Encl: As above Encl: As above

AYM SYNTEX LIMITED

CORRIGENDUMTOTHENOTICE OF THE EXTRAORDINARYGENERALMEETINGTO BEHELD ON WEDNESDAY,OCTOBER, 162024AT 11.00A.M

This Corrigendum is being issued by AYM Syntex Limited ("Company") forconvening an Extraordinary General Meeting ofthe Members oftheCompany ("EGM") on Wednesday, October 16,2024 at11:00 a.m. (IST) through Video Conference ("VC")/ Other Audio Visual Means ("OAVM"). This Corrigendum is to be read in conjunction with the EGM Notice dated September20,2024andshall formanintegral partofthe Notice ofthe EGM which hasalready been circulated to the shareholders ofthe Company.

The Notice ofthe EGM was dispatched to all the shareholders ofthe CompanyonSeptember 20,2024 in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, readwithcirculars issued by MinistryofCorporateAffairs and Securities Exchange Board ofIndia.

Along with circulation of the EGM Notice the Company hadfiled an application seeking In-Principle approval with BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") for issuance and allotment of equity shares on preferential basis to Promoter, Promoter Group and Public Category. NSE had advised to provide clarification or provide revised objects of preferential issue and issue corrigendum tothe EGM Notice.

This Corrigendum is being issued to notify the amendments/ provide clarifications& additional details with respect to certain disclosures madeundertheexplanatory statement toItem No. 1, which is annexedtotheNotice ("Explanatory Statement"), asmentioned herein:

1. In Notice ofthe EGM,PointA of Explanatory StatementtoItem No.1 ofEGM Notice has beenamendedasfollow:

Objects ofthe Preferential issue:

The Company shall utilise the proceeds of the Preferential Issue of Equity Shares in the following manner:

Sr. No.	Object Description of	Amount Estimated INRcrores) (in	Timeline Tentative for utilization of proceeds issue
1.	Repayment ofDebt than (Other workingcapital borrowings)	24.00	One year
2.	Repayment/Reduction in Working Borrowings Capital	25.00	One year
3.	GeneralCorporatePurposes	33.76	year One
4.	Expenditure Capital	59.00	Two Years
	TOTAL	141.76

Up to 25% (twenty five percent) of the Issue Proceeds will be utilised for general corporate purposes, which includes, inter alia, meeting ongoing general corporate exigencies and contingencies, expenses ofthe Company asapplicable in sucha manner and proportion as may be decided by the Board from time totime, and/or any other general purposes as may be permissible under applicable laws (referred to belowas"General Corporate Purposes").

In terms of NSE notice no. NSE/CML/2022/56 and BSE notice no. 20221213-47, dated December 13,2022, the amount specified for the above-mentioned object of issue size may deviate +/- 10% depending upon future circumstances, as the objects are based on the Managementestimates and other commercial and technical factors.

If the Issue Proceeds arenot utilised (in full or in part) for the Objects duringthe period stated above due toany such factors, the remaining Issue Proceeds shall be utilised in subsequent periods in such manner asmay be determined by the Board, in accordance with applicable laws. This may entail rescheduling and revising the planned expenditure and funding requirements and increasing or decreasing the expenditure fora particular purposefromthe planned expenditure as may be determined by the Board, subject to compliance with applicable laws.

Interim Use of Issue Proceeds

Till the time funds are utilized for aforesaid purposes, the Company will park the issue proceeds, in part or full, in Cash Credit ('CC') Accounts maintained with various banks, and to the extentthe funds areparked in the CC Accounts, the Companyundertakestosetaside the cash credit limit to thatextenttowardsutilization in accordancewiththeobjects setout above and/or will invest the issue proceeds in money market instruments including mutual funds, deposits in scheduled commercial banks, securities issued by Government ofIndia or any other investments as permitted underapplicable laws.

2. In Notice ofthe EGM,Serial No. ¹¹ of PointN of Explanatory StatementtoItem No.1 of EGM Notice has beenamendedasfollow:

Further it had come totheknowledge ofthe Board of Directors and Company Secretarial department that one of the proposed allottee namely Chanakya Wealth Creation Fund the ultimate beneficial owner ofproposed allottee is inadvertently captured incorrect as Jay Thakkar. Accordingly, the correct ultimate beneficial ownerofproposed allottee is mentioned asbelow:

Sr. No.	Proposed Name Investor	Category Class of proposed Allottee	Beneficial Ownerof the	Ultimate Pre-preferential issue		Post-preferential issue
			proposed Allottee	No.of% equity shares	Share holding	No.of equity shares	Share % holding
11.	WeaIthNon- Chanakya Fund Creation	Promoter	FPI CategoryI hence Not Applicable		--	2,04,000	0.35

The remaining name oftheproposed allottees, the identities of the persons who are the ultimate beneficial owners of the shares and/or who ultimately control the proposed allottees, the percentage of post preferential issue capital that may be held by them as specified in PointN of Explanatory StatementtoItem No.1 ofEGM Notice remainsthe same.

This Corrigendum totheEGM Notice shall form anintegral part ofthe EGM Notice, which has alreadybeencirculated to the Shareholders ofthe Companyandonandfromthedatehereof, the EGM Notice shall always be read in conjunction with this Corrigendum.

This Corrigendum is also available on website of both the stock exchanges i.e. BSE and NSE and on the website ofthe CompanyatWebsite: www.aymsyntex.com.

All other contents ofthe EGM Notice, save and except as modified or supplemented bythis Corrigendum, shall remain unchanged.

By OrderofBoardofDirectors For AYM SyntexLimited KAUSHAL Digitally signed by

R PATVI

Date: 2024.09.27 I 6:47:23 +05'30' KaushalPatvi

KAUSHALR PATVI

CompanySecretary

Place: Mumbai Date: September27,2024