Simplex Papers Ltd Annual General Meeting Set for August; Shareholders asked to approve New Independent Director and Land Disposal

Simplex Papers Ltd Annual General Meeting Set for August; Shareholders asked to approve New Independent Director and Land Disposal​

Simplex Papers Limited has scheduled its 32nd Annual General Meeting (AGM) to be held on Tuesday, August 4, 2026, through Video Conferencing (VC) or other Audio-Visual Means (OAVM). The AGM will address key business items including the adoption of audited financial statements, the appointment of a new Independent Director, and seeking shareholder approval for the sale of company land.

The meeting agenda is set to transact routine matters such as receiving and adopting the Audited Financial Statements for the financial year ended March 31, 2026. It will also address the re-appointment of Shri Shekhar R Singh in place of retiring directors by rotation.

A significant item on the special business agenda is the appointment of Shri Shrikrushna N Pawar as a Non-Executive Independent Director of the Company. The Board approved this appointment following recommendations from the Nomination and Remuneration Committee, intending for him to hold the office for five consecutive years, starting from June 16, 2026, until June 15, 2031, pending shareholder approval.

In addition, shareholders will be asked to approve a resolution concerning the sale, transfer, and/or other disposal of the Company's land. The parcel of land is located at Survey No. 339, Village Konari 18, Taluka & District Gondia, Maharashtra. Acquired by the Company on June 27, 2001, the land has reportedly remained vacant and unused for commercial or industrial purposes. The Board proposed the disposal of this asset to optimize the company's portfolio and utilize proceeds for general corporate purposes.

Key Directorship Matters at AGM​

The following personnel matters are scheduled for consideration by the members:

• Appointment: Shri Shrikrushna N Pawar (DIN 11763684) is proposed as a Non-Executive Independent Director.
• Reappointment: Shri Shekhar R Singh (DIN 03357281) is due for re-appointment in place of retiring directors by rotation.

Shri Shrikrushna N Pawar, aged 74, has experience in marketing and administration and holds degrees in Commerce and Law from Amravati University. The Board views his appointment as beneficial to the company.

Land Disposal Details​

The land slated for disposal is located at Survey No. 339, Village Konari 18, Taluka & District Gondia, Maharashtra. The proposed sale aims to unlock idle capital and generate proceeds which will be used for general corporate purposes.

AGM Logistics and Timing​

Details regarding the meeting are as follows:


The company also provided extensive instructions and guidelines regarding the remote e-voting facility. The voting period is scheduled to run from August 1, 2026, at 9:00 A.M., until August 3, 2026, at 5:00 P.M.

The AGM will see specialized support from Shri Binit Kumar (Membership No. FCS 10859 / CP No.21698), Practicing Company Secretary, who has been appointed to act as the Scrutinizer for Remote e-Voting.

Stock Price Movement​

Trading as of 15:17, Simplex Papers Ltd sees its shares ticking up sharply by 4.17%, currently priced at ₹1250.00. Throughout the active trading period, the stock moved within a tight intraday range, finding support between ₹1249.90 and its high of ₹1250.00.