Simplex Papers sold land pertaining to its closed Paper Plant in Gondia, Maharashtra, for ₹25 lakh on September 2, 2026. The transaction involved external buyers and received approval from company members at the Annual General Meeting held on August 4, 2026.

The sale deed was executed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the land did not contribute any turnover, revenue, or income during the last financial year.

Transaction Details

The buyers are Mr. Mohammed Yasin Ashimuddin Sheikh and Ms. Nusrat Parvin Zahid Khan Pathan. The company confirmed that neither buyer belongs to the promoter group or group companies. Consequently, the transaction does not fall within the definition of a related party transaction.

Regulatory Compliance

The disposal is outside any Scheme of Arrangement. The company obtained member approval for the sale at its AGM on August 4, 2026. The transaction does not constitute a slump sale.

Simplex Papers Limited shareholders delivered unanimous support for the company’s governance agenda at its 32nd Annual General Meeting (AGM) on August 4, 2026. Members approved the adoption of audited financial statements for FY26, the reappointment of Shekhar R Singh as a director, and the appointment of Shrikrushna N. Pawar as a Non-Executive Independent Director. The meeting also authorized the disposal of company land assets. This unified shareholder backing reinforces stability in the company’s leadership structure following the conclusion of the fiscal year ended March 31, 2026.

The voting process was conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), with remote e-voting facilitated by National Securities Depository Limited (NSDL) from August 1 to August 3, 2026. Company Secretary Bikash Singh submitted the voting results to BSE Limited on August 5, 2026, in compliance with Regulation 44(3) of the SEBI (LODR) Regulations, 2015. Scrutinizer Binit Kumar, a practicing Company Secretary, certified that all votes were cast fairly and transparently, with no invalid votes recorded across any resolution.

Voting Results Breakdown

All four resolutions placed before the members received 100% affirmative votes from the shares polled. A total of 18,459 votes were cast out of 30,014 shares held by eligible shareholders as of the record date, July 28, 2026. The promoter group held 14,990 shares and voted all 14,758 polled shares in favor. Public institutional investors held 4,195 shares and voted 3,675 in favor. Non-institutional public shareholders held 10,829 shares but polled only 26 votes, all in favor.

Shekhar R Singh, who retires by rotation, offered himself for reappointment and was duly reappointed. Shrikrushna N. Pawar was appointed as a Non-Executive Independent Director under a special resolution. The approval to sell or transfer land assets provides management with flexibility to optimize capital structure or repurpose real estate holdings.

Governance and Compliance

The AGM was chaired by Shekhar R Singh, Chairman of the Company. Statutory Auditors Khandelwal & Mehta LLP and Secretarial Auditors Taher Sapatwala & Associates attended the meeting via video conferencing. Neither auditor raised adverse observations or qualifications in their respective reports. The proceedings adhered to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. Electronic data and voting records will be retained by the scrutinizer until the minutes are signed by the Chairman.

The unanimous outcome across all resolutions signals strong alignment between promoters, institutional investors, and retail shareholders on key strategic and governance matters. With no dissenting votes recorded, the Board proceeds with full mandate to execute its operational and asset optimization plans for the coming fiscal year.