Simplex Mills Company has informed that the National Company Law Tribunal (NCLT), Mumbai bench -IV has reserved its Order, in the matter of consolidation of the equity shares of the Company in terms of the Section 61(1)(b) and other applicable provisions of the Companies Act, 2013 and rules made thereunder. In view of the above, the NCLT, Mumbai bench -IV vide its Order dated 3rd March, 2023 has approved the aforesaid consolidation of equity shares of the Company to Rs 1000 per equity share from Rs 10 per equity shares.
The above information is a part of company’s filings submitted to BSE.
