Simplex Papers Limited will hold its 31st Annual General Meeting (AGM) on August 4, 2026, at 12:00 p.m. through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting is convened to transact business as set out in the notice, which will be circulated separately. This decision complies with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

The Notice of the AGM along with the Annual Report 2025-2026 will be sent electronically to members whose email addresses are registered with the company, its Registrar & Transfer Agent, or Depository Participants. Members without registered email addresses will receive a letter providing the web-link to the Annual Report. Pursuant to the relevant circulars, the requirement to send physical copies of the Annual Report has been dispensed with.

Members can attend and participate in the AGM through the VC/OAVM facility. Votes on all resolutions set out in the Notice must be cast through the e-voting system only, with details to be provided in the Notice of the Meeting. Members attending via VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

Members holding shares in physical or demat form who have not registered or updated their email addresses are requested to send the necessary documents to the company or its Registrar. The e-copy of the Annual Report 2025-26, along with the Notice of the AGM, Financial Statements, and other Statutory Reports, will be available on the company's website and the National Securities Depository Limited (NSDL) e-voting portal.

Meeting Details

The Notice of the AGM will also be available on the website of BSE India Ltd. This advance information is issued to members in compliance with the relevant MCA and SEBI circulars.

Simplex Papers Limited announced its audited financial results for the financial year ended March 31, 2026, following a board meeting held on May 19, 2026. The company reported a net loss of ₹11.38 lakh for the fiscal year, representing a reduction from the net loss of ₹15.98 lakh recorded in the previous year. Revenue from operations was nil for both the current and prior financial years.

Financial Performance

The company's total income for the year ended March 31, 2026, stood at ₹0.08 lakh, down from ₹1.31 lakh in the previous year. Total expenses decreased to ₹11.46 lakh from ₹17.29 lakh in the corresponding period last year. The profit before tax for the year was a loss of ₹11.38 lakh, compared to a loss of ₹15.98 lakh in FY25.

For the quarter ended March 31, 2026, the company reported a net loss of ₹2.45 lakh. Total expenses for the quarter amounted to ₹2.45 lakh. The basic and diluted earnings per share (EPS) for the financial year were recorded at a loss of ₹37.92 per share of ₹1000 each, compared to a loss of ₹53.23 per share in the previous year.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹147.80 lakh, a decrease from ₹155.91 lakh in the previous year. Total current liabilities increased to ₹1,364.65 lakh from ₹1,361.38 lakh. The total equity was reported at a negative ₹1,216.85 lakh, indicating an erosion of net worth. Cash and cash equivalents decreased to ₹0.42 lakh from ₹1.91 lakh at the end of the previous year.

Board Decisions

The board approved the audited financial results for the quarter and year ended March 31, 2026. Khandelwal and Mehta LLP, the statutory auditors, issued an unmodified opinion on the audited financial results. However, the auditors included an emphasis of matter paragraph noting that the company has accumulated losses and its net worth has been fully eroded, casting doubt on its ability to continue as a going concern.

Additionally, the board re-designated Smt. Fatima Fernandes (DIN: 00506058) as a Non-Executive Independent Director for a first term of five consecutive years, effective from May 19, 2026, to May 18, 2031. This appointment is subject to the approval of shareholders at the ensuing Annual General Meeting. The 32nd Annual General Meeting is scheduled to be held on August 4, 2026.