Simplex Mills Company Limited has scheduled its 28th Annual General Meeting for August 4, 2026, to transact business including the adoption of financial statements for the year ended March 31, 2026, and the appointment of a new independent director. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) at 11:00 a.m. IST, allowing shareholders to participate remotely without a physical venue. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting and VC/OAVM facilities.

The Board of Directors approved the appointment of Shri Shrikrushna N. Pawar (DIN: 11763684) as an Additional Director in the Non-Executive Independent category effective June 16, 2026. Shareholders are asked to approve his appointment for a term of five consecutive years ending June 15, 2031. The resolution also seeks approval for his continuation as director after he attains the age of 75 years during his term. This appointment fills the vacancy anticipated by the retirement of existing Independent Director Shri Manish Harshey on February 19, 2027.

The AGM will also address the re-appointment of Shri Shekhar R Singh (DIN: 03357281), who retires by rotation and is eligible for re-appointment. Singh serves on the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. Shri Binit Kumar, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process.

Key Meeting Details

The Register of Members and Transfer Books will remain closed from July 29, 2026, to August 4, 2026, to determine shareholder eligibility. Only members whose names appear in the register or list of beneficial owners as of the close of business hours on July 28, 2026, will be entitled to attend and vote at the meeting. Members can join the meeting 30 minutes before and 15 minutes after the scheduled start time, with the facility available to at least 1,000 members on a first-come, first-served basis.

Simplex Mills Company Limited announced its unaudited financial results for the third quarter ended 31st December, 2025, showing a deterioration in financial performance compared to the corresponding period of the previous year. The Board of Directors approved these results at their meeting held on 10th February, 2026, which commenced at 3.00 p.m. and concluded at 3.45 p.m.

Financial Performance Overview

The company reported a net loss of ₹1.81 lakhs for Q3FY26, marking a significant decline from the profit of ₹0.68 lakhs recorded in Q3FY25. This represents a swing from profitability to loss, highlighting operational challenges faced by the textile company.

Revenue and Income Analysis

Revenue from operations declined to ₹6.35 lakhs in Q3FY26 from ₹8.98 lakhs in Q3FY25, representing a decrease of approximately 29%. Other income remained relatively stable at ₹15.62 lakhs compared to ₹15.79 lakhs in the previous year. Total income for the quarter stood at ₹21.97 lakhs against ₹24.77 lakhs in Q3FY25.

Expense Structure

Total expenses increased to ₹23.78 lakhs in Q3FY26 from ₹24.09 lakhs in Q3FY25. Key expense components included:

• Purchases of stock-in-trade: ₹5.93 lakhs (Q3FY25: ₹8.38 lakhs)
• Employee benefits expense: ₹2.05 lakhs (Q3FY25: ₹0.93 lakhs)
• Finance costs: ₹6.31 lakhs (Q3FY25: ₹5.78 lakhs)
• Other expenses: ₹9.28 lakhs (Q3FY25: ₹8.77 lakhs)

Nine-Month Performance

For the nine months ended 31st December, 2025, the company's performance showed further deterioration. The net loss widened to ₹5.91 lakhs compared to ₹1.41 lakhs in the corresponding period of the previous year.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015.

Khandelwal & Mehta LLP, Chartered Accountants, conducted a limited review of the financial results. The auditors highlighted in their emphasis of matter that the company has accumulated losses and its net worth has been fully eroded, indicating uncertainty about the company's ability to continue as a going concern. However, the management has prepared the financial statements on a going concern basis.

Key Financial Indicators

The company maintains a paid-up equity share capital of ₹300.04 lakhs with a face value of ₹1,000 per share. The basic and diluted earnings per share for Q3FY26 stood at negative ₹6.04 compared to positive ₹2.27 in Q3FY25. The company operates primarily in the textile segment as its single reportable business segment.