Pharmaceutical company AYM Syntex incurs a Rs. 48.07 lakh GST penalty and faces a Rs. 10.27 lakh Input Tax Credit recovery demand for the fiscal year 2020-21. The company plans to appeal against this order.

AYM Syntex has scheduled a virtual meeting on May 25, 2026, for its equity shareholders and creditors to vote on the proposed merger with Mandawewala Enterprises. Electronic voting for this scheme begins on May 20 and ends on May 24, as per regulatory requirements.