Simplex Papers Ltd — Others, 14-07-2025: Others

Simplex Papers has released its Annual Report for the financial year ended March 31, 2025, and held its 31st Annual General Meeting via virtual means. The company reported a net loss of ₹1.60 Cr for the year, compared to a profit of ₹1.14 Cr in the previous year, which included an exceptional gain. Despite its net worth being fully eroded, management plans to continue operations on a going concern basis. Shareholders approved the re-appointment of Mr. Shekhar R Singh as Director. M/s. Taher Sapatwala & Associates were appointed as the Secretarial Auditor for five years. The company faces ongoing disputed excise duty claims of ₹333.64 Cr and has defaulted on a ₹31.41 Cr sales tax loan. No dividend was declared.