What’s new

• Board approved seeking shareholder nod to sell land at its closed Gondia paper plant.
• Appointed Shrikrushna N. Pawar as additional independent director.
• Re-designated Fatima Fernandes from independent to non-executive director.

Why it matters

Simplex Papers has been operationally inactive for years with zero revenue. This land sale is the first tangible step toward monetizing its only remaining asset. But without a valuation or buyer in sight, it's more a signal of intent than a done deal.

What we’re watching

• Whether shareholders approve the sale at the upcoming meeting.
• Any valuation or expression of interest that surfaces before the vote.
• If proceeds from the sale lead to a dividend, buyback, or revival plan.

The full read

Simplex Papers has zero revenue, a market cap of ₹4 crore, and its only material asset is land at a closed paper plant in Gondia, Maharashtra. On Tuesday, the board took the first step to monetise it, seeking shareholder approval to sell or transfer the land. No buyer, no price, no agreement. Just a board resolution. Alongside, it appointed Shrikrushna Pawar as an independent director and moved Fatima Fernandes to a non-executive role, routine governance. For a shell that has been dormant for years, the land sale is the only thing that changes the story. But without a single number attached to the asset, it remains a hope, not a plan.

Primary source: BSE · NSE