Simplex Mills Company Limited convened an Extra Ordinary General Meeting (EGM) on Wednesday, May 6, 2026, through Video Conferencing (VC) and Other Audio Visual Means (OAVM), to seek shareholder approval for the disposal of land associated with its closed Textile Plant. The meeting commenced at 12:00 pm and concluded at 12:07 pm, with a total of 24 members in attendance as per the records of attendance.

Meeting Proceedings and Chairmanship

Shri Shekhar R Singh, Chairman of the Company, presided over the EGM and welcomed the Director, Company Secretary, Statutory Auditor, Secretarial Auditors, and shareholders to the meeting. The Chairperson of the Audit Committee, Statutory Auditors, Secretarial Auditor, and Scrutinizer also joined the proceedings through Video Conferencing. The Notice dated April 7, 2026, convening the EGM was taken as read with the consent of the members present. No members had registered themselves as speakers to express views on the resolution.

Special Business Transacted

The EGM transacted the following special business as set out in the Notice of EGM dated April 7, 2026:

Remote E-Voting Mechanism

In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company facilitated remote e-voting through the National Securities Depository Limited (NSDL) platform. Key details of the e-voting process are outlined below:

Scrutinizer Appointment and Results Disclosure

The Board of Directors appointed Shri Binit Kumar, Practicing Company Secretary, to act as the Scrutinizer for conducting the remote e-voting process in a fair and transparent manner and to submit a Consolidated Report. The Chairman informed members that the voting results, along with the Consolidated Scrutinizer's Report, shall be placed on the company's website at www.simplex-group.com and communicated to the stock exchanges where the shares of the Company are listed. The meeting concluded with a vote of thanks to all Directors, Auditors, and Members for their participation.

Simplex Mills Company Limited has confirmed the publication of newspaper advertisements for its extraordinary general meeting (EGM) scheduled for May 6, 2026, at 12:00 PM through Video Conferencing to seek shareholder approval for disposing of its closed textile plant land in Maharashtra. The company submitted the formal disclosure under Regulation 30 of SEBI Listing Regulations on April 14, 2026.

Newspaper Publication Compliance

The company has fulfilled its regulatory obligation by publishing EGM notices in designated newspapers as required under the Companies Act, 2013. The advertisements were published to ensure proper communication with shareholders regarding the upcoming meeting.

EGM Schedule and E-Voting Framework

The extraordinary general meeting will be conducted through Video Conferencing and Other Audio-Visual Means (OAVM) facility provided by National Securities Depository Limited. The company has established a comprehensive e-voting framework to facilitate shareholder participation:

Plant Disposal Details and Financial Impact

The proposed disposal involves the closed textile plant located at Plot No 16, field Survey No 79 in Usha Nagar, Mouje-Shivani, Taluka, District, Akola-444104, Maharashtra. The plant was officially closed following approval from the Commissioner of Labour, Maharashtra State, Mumbai on September 25, 2008, after the company complied with statutory requirements for closure compensation to workers and staff.

Regulatory Compliance and Approval Process

The disposal requires shareholder approval under Section 180(1)(a) of the Companies Act, 2013, as it constitutes disposal of substantially the whole undertaking. The board approved this proposal on April 7, 2026, and published newspaper advertisements on April 14, 2026, in Financial Express (English) and Mahasagar Akola (Marathi) to comply with regulatory requirements.

Shareholder Participation Guidelines

Simplex Mills has appointed Binit Kumar (Membership No. FCS 10859/CP No.21698), Practicing Company Secretary, as Scrutinizer for conducting the remote e-voting process. Shareholders can access the EGM through NSDL's e-voting platform, with detailed login instructions provided for both demat and physical shareholding modes. The company has made the EGM notice available on its website at www.simplex-group.com and will communicate results within two days of the meeting conclusion.