Simplex Papers Ltd — Important, 16-06-2026: Company Update

The board of Simplex Papers Limited approved several key actions. Shri Shrikrushna N. Pawar was appointed as an Additional Independent Director, pending shareholder approval. Smt Fatima Fernandes was re-designated from Non-Executive Independent Director to Non-Executive Director, with a previous independent director approval withdrawn. Additionally, the board approved the disposal of land belonging to the company's closed Paper Plant. This move, which is subject to shareholder approval, aims to monetize non-operational assets and is expected to be completed within one year after approval.