Simplex Papers Ltd — Important, 02-09-2026: Company Update

Simplex Papers has sold land associated with its closed Paper Plant for Rs. 0.25 Cr. This asset did not generate any turnover, revenue, or income in the last financial year, indicating the sale of a non-operational asset. The buyers are independent third parties, and the transaction is not considered a related party deal. Shareholders had previously approved the sale. This move could free up capital for other business purposes or reduce holding costs, streamlining company assets.