Simplex Mills Company Limited will hold an EGM on May 6, 2026, seeking shareholder approval via special resolution to sell land from its closed textile plant in Akola.
The company proposes to dispose of the non-operational asset to unlock value, with net proceeds intended for general corporate purposes.
Remote e-voting for the resolution is available from May 3 to May 5, 2026, through NSDL, with the record date set for April 29, 2026.
The plant was permanently closed in 2008 following regulatory approval, and only the land remains from the former undertaking.