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

Simplex Papers' board has approved several strategic decisions. Shri Shrikrushna N. Pawar was appointed as an Additional Independent Director, bringing experience in marketing, accounts, and administration, pending shareholder approval. Smt Fatima Fernandes was re-designated from Non-Executive Independent Director to Non-Executive Director. The board also approved the sale of land associated with its closed Paper Plant. This move to potentially monetize non-core assets requires shareholder approval at the upcoming Annual General Meeting and is expected to complete within one year of that approval. This could help streamline the company's asset base.