AGM/EGM13 Apr 2026, 03:01 pm
Simplex Mills to hold EGM on May 6, 2026, to approve land sale
AI Summary
Simplex Mills Company Ltd will convene an Extra-Ordinary General Meeting (EGM) on Wednesday, May 6, 2026, at 12:00 P.M. via Video Conference/Audio-Visual Means. The primary agenda for the EGM is to seek shareholder approval, through a Special Resolution, for the Board of Directors to sell, transfer, or otherwise dispose of the land pertaining to the company's closed Textile Plant located in Akola, Maharashtra. The EGM notice, along with an explanatory statement, has been circulated to members electronically. The company has also provided e-voting facilities, which will be open from May 3, 2026, to May 5, 2026.
Key Highlights
- EGM scheduled for May 6, 2026, at 12:00 P.M. via virtual means.
- Shareholders to vote on selling land of closed Textile Plant in Akola.
- Sale requires Special Resolution under Companies Act and SEBI regulations.
- E-voting facility available from May 3 to May 5, 2026.
Price Impact
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