voting result and scrutinizer report of Simplex Mills Company Ltd held on 06.05.2026
Awaiting price reaction for this filing.
Simplex Mills Company Ltd held an Extra Ordinary General Meeting on 6th May 2026 via video conferencing, with 24 shareholders participating. The only agenda item was a Special resolution to approve the sale, transfer, or disposal of land pertaining to the company's closed Textile Plant, requiring compliance with Section 180(1)(a) of the Companies Act, 2013 and SEBI LODR Regulation 37A. Of the 24,940 valid votes cast, 21,361 (85.65%) were in favour and 3,579 (14.35%) were against. Public institutions notably voted entirely against the resolution (3,579 votes), while promoters and non-institutional public shareholders voted in favour. The resolution was passed with the required majority.
The company has obtained shareholder approval to dispose of land from its closed textile plant. This signals an ongoing asset monetisation or exit from the textile business, which could generate cash for the company but may also signal plant closure proceeds rather than operational growth.