Extra ordinary general meeting to take approval of shareholders on special resolution
Awaiting price reaction for this filing.
Simplex Mills Company Ltd held an Extra Ordinary General Meeting on 6th May 2026 via video conferencing to seek shareholder approval for selling, transferring or disposing of land belonging to its closed Textile Plant. The meeting lasted only 7 minutes (12:00-12:07 pm) with 24 members attending. A special resolution was proposed under Section 180(1)(a) of the Companies Act, 2013 and SEBI Regulation 37A(1), requiring shareholder approval for this asset sale. Remote e-voting was conducted through NSDL from 3rd May to 5th May 2026. A scrutinizer was appointed to verify the voting results, which will be published on the company website and shared with the stock exchange.
Shareholders approved the sale of land from the closed textile plant through a special resolution. This asset disposal could generate cash for the company and is a significant corporate action requiring SEBI compliance.