Simplex Mills Board Approves Disposal of Closed Textile Plant Land in Maharashtra
Published on: April 7, 2026, 6:37 p.m. | Source: scanx.trade
Simplex Mills Company Limited's board has approved the disposal of land from its closed textile plant in Maharashtra's Akola district. The plant shows zero revenue and profit for FY 2024-2025 with negative net worth of ₹34,782.81 thousand. The company will convene an extraordinary general meeting to obtain shareholder approval as required under the Companies Act, 2013, with transaction completion expected by May 2026.
