Board Meeting7 April 2026 at 07:23 am
Simplex Mills Board Approves Land Sale Proposal and Calls for EGM
AI Summary
The Board of Directors of Simplex Mills Company Ltd, at its meeting held on 7th April, 2026, approved the proposal to sell, transfer, and/or otherwise dispose of land pertaining to the closed Textile Plant of the Company. The Board also issued a notice for an Extra-Ordinary General Meeting (EGM) to seek shareholders' prior approval for the proposal. The land is situated at Plot No16, field Survey No 79 in Usha Nagar, Mouje-Shivani, Taluka, District, Akola -444104 Maharashtra. The EGM is expected to be held in May 2026. The Company has not received any consideration for the sale as of now, as no agreement has been entered into until the approval of shareholders is obtained.
Key Highlights
- Simplex Mills Board approves the sale of land from the closed Textile Plant.
- An Extra-Ordinary General Meeting (EGM) has been called for seeking shareholders' prior approval for the sale.
- The land is situated at Plot No16, field Survey No 79 in Usha Nagar, Mouje-Shivani, Taluka, District, Akola -444104 Maharashtra.
- The EGM is expected to be held in May 2026.
- No agreement has been entered into for the sale as of now, and no consideration has been received.