Simplex Mills Company Ltd — Important, 07-04-2026: Company Update

Simplex Mills' Board has approved a proposal to sell or transfer land associated with its closed Textile Plant in Akola. This strategic move aims to monetize a non-operational asset. The company will seek shareholder approval for this disposal at an Extra-Ordinary General Meeting. The closed unit contributed zero to turnover but had a negative net worth contribution of Rs -3.48 Cr as of March 2025. The sale is expected to be completed by May 2026, pending shareholder consent.