Simplex Mills Company Limited announced that its board of directors has approved a proposal to dispose of land pertaining to its closed textile plant in Maharashtra. The decision was taken during a board meeting held on April 7, 2026, which commenced at 12:00 p.m. and concluded at 12:30 p.m.

Plant Details and Location

The textile plant is located at Plot No 16, field Survey No 79 in Usha Nagar, Mouje-Shivani, Taluka, District, Akola-444104, Maharashtra. The board has approved the proposal to sell, transfer, and/or otherwise dispose of this land to any suitable party or parties.

Financial Performance of the Plant

The closed textile plant's financial metrics reveal its non-operational status:

Shareholder Approval Process

The company has decided to convene an extraordinary general meeting dated April 7, 2026, to seek prior approval from shareholders for the proposed disposal. This step is necessary as the transaction falls within the purview of clause (a) of sub-section (1) of Section 180 of the Companies Act, 2013.

Transaction Status and Timeline

Key aspects of the proposed disposal include:

Regulatory Compliance

The proposed sale is outside any scheme of arrangement, making Regulation 37A of the LODR Regulations applicable. The company has confirmed that the transaction will not constitute a related party transaction and is not structured as a slump sale. The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Simplex Mills Company Limited, incorporated in 1998 with CIN L65900MH1998PLC116585, operates from its registered office in Village Shivni, Akola, and maintains its corporate office in Mumbai. The company is listed on BSE with security code 533018.

Simplex Mills Company Limited has issued a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding newspaper advertisements for a special window for transfer and dematerialisation of physical securities.

Special Window Details

The company has informed physical shareholders about a special window for re-lodgement of transfer requests of physical shares, in accordance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Transfer Conditions and Requirements

Securities transferred under this special window shall be mandatorily credited to the transferee only in demat account and shall remain under lock-in for a period of one year from the date of registration of transfer. During this lock-in period, such securities shall not be transferred, lien-marked or pledged.

The special window is also available for transfer requests that were originally submitted and were rejected, returned, or not attended to due to deficiency in documents, process, or otherwise.

Shareholder Action Required

Shareholders are requested to avail this opportunity by furnishing the transfer deed, original share certificate along with other requisite documents to the Company's Registrar and Share Transfer Agent (RTA), Purva Sharegistry India Private Limited.

Publication and Compliance

The company has published newspaper advertisements in Financial Express (English newspaper) and Mahasagar Akola (Marathi newspaper) to inform shareholders about this facility. The same information is being made available on the company's website at https://simplex-group.com .

For further details, shareholders may refer to the SEBI circular available on the Company's website under the Investor Relations section. The disclosure was signed by Kalyani Natekar, Company Secretary & Compliance Officer, on April 6, 2026.