New independent director appointed; board approves sale of closed Gondia plant land
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Papers Ltd announced the appointment of Shri Shrikrushna N. Pawar as a Non-Executive Independent Director effective June 16, 2026, subject to shareholder approval. Smt Fatima Fernandes has been re-designated from Non-Executive Independent Director to Non-Executive Director, with the board withdrawing its earlier May 19, 2026 approval for her independent directorship. The board also approved selling the land of the company's closed paper plant at Gondia, Maharashtra, subject to shareholder approval.
Sale of closed plant land could bring in cash inflow; board reshuffle, including withdrawal of a recent independent director approval, may raise governance questions.