As file attached
Awaiting price reaction for this filing.
Simplex Mills Company has informed BSE that the related party transaction disclosure required under SEBI Regulation 23(9) does not apply to it. Listed companies with paid-up equity capital under Rs. 10 crore and net worth under Rs. 25 crore are exempt from this rule. As on 31 March 2025, the company had paid-up equity capital of only Rs. 3.00 crore and a negative net worth of Rs. 3.48 crore — both well below the cutoff. Because of this, the company qualifies for the exemption for the half-year ended March 2025. It has stated that it will start filing this disclosure once its size crosses the regulatory thresholds.
This is a procedural compliance update confirming an exemption — it does not change the business in any way. However, the negative net worth of Rs. 3.48 crore is a red flag, as it means the company's total liabilities exceed its total assets, indicating weak financial health that shareholders should be aware of.