AYM Syntex to establish wholly owned subsidiary in US

AYM Syntex Limited announced on September 3, 2025, that its board of directors approved the incorporation of a wholly owned subsidiary (WOS) in the United States. This decision was made during a board meeting that concluded at 7:15 p.m.

The new subsidiary will operate within the textiles and apparels industry. The initial capital for the WOS will be provided in cash. The company stated that updates regarding the incorporation will be provided once the WOS is formally established.

This move aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The incorporation is not classified as a related party transaction, and no promoter or promoter group companies have an interest in the entity being acquired.