Simplex Mills Schedules 28th Annual General Meeting; Announces New Independent Director Appointment
Simplex Mills Company Limited has scheduled its 28th Annual General Meeting (AGM) for Tuesday, August 4, 2026. The meeting is slated to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Members are required to attend the AGM during this period and participate in key business items set forth in the notice.The AGM will include the adoption of the Audited Financial Statements for the financial year ended March 31, 2026. The company also has planned appointments and re-appointments related to its board composition.
Among the special businesses listed is the appointment of Shri Shrikrushna N. Pawar (DIN 11763684) as a Non-Executive Independent Director of the Company. This appointment, which was approved by the Board of Directors on June 16, 2026, will be for a term of five consecutive years, running from June 16, 2026, to June 15, 2031, subject to member approval at the AGM.
The Board recommended the appointment after noting that it would be beneficial to the company. Shri Pawar is described as having vast experience in marketing and administration. He holds a Masters in Commerce from Amravati University and a degree in Law (LLB) from Amravati University. The company also received notice in writing from a member regarding his candidature for the office of Independent Director.
During the Ordinary Business, members will vote on the re-appointment of Shri Shekhar R Singh (DIN 03357281). Shri Singh has been associated with the board since January 19, 2013. His experience includes more than two decades in Corporate Laws and SEBI matters, and he holds positions on the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee of the company.
Key dates related to the meeting include:
- AGM Date: August 4, 2026 at 11:00 a.m.
- Record Date (Book Closure): July 28, 2026
- Book Closure Period: July 29, 2026, to August 4, 2026
The Board also noted that the appointment of Shri Shrikrushna N. Pawar comes as part of a process considering the upcoming retirement of existing Independent Director Shri Manish Harshey on February 19, 2027.
Details of the directors whose appointments are being reviewed include:
| Director Name | DIN | Business Segment | Key Details Noted by Board |
|---|---|---|---|
| Shrikrushna N. Pawar | 11763684 | Non-Executive Independent Director | Has vast experience in marketing and administration; term from June 2026 to June 2031. |
| Shekhar R Singh | 03357281 | Director (Reappointment) | Member of Audit, Nomination and Remuneration Committees; over twenty years in Corporate Laws and SEBI matters. |
The meeting will utilize the NSDL e-Voting system for both remote voting and attendance via VC/OAVM.
Stock Price Movement
For Simplex Mills Company Ltd., shares settled flat at ₹5415.00 after trading closed on Wednesday, recording zero change from its previous close. The stock remained completely locked throughout the session as its intraday high and low were identically pegged at ₹5415.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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