- Business
- Simplex Papers Limited, an India-based company incorporated in 1983 and headquartered in Mumbai, Maharashtra, engages primarily in the trading of various paper products within the domestic market. The company offers writing paper, bond paper including Simplex Bond, copier paper including Simplex Copier, ledger paper including Simplex Ledger, newsprint paper, printing paper including Simplex Parchment, Maplitho, S.S. Maplitho and High Bright S.S. Maplitho, as well as paper board and craft paper; its operations, formerly including manufacturing at a facility in Gondia, Maharashtra, with 9,000 MT annual capacity, have shifted to trading following suspension of production due to raw material shortages. Recent financial results for Q1 FY2026 show a net loss of Rs 2.96 lakhs with accumulated losses fully eroding net worth, prompting auditor emphasis on going concern uncertainty; the 31st AGM held on August 5, 2025, approved financials and director reappointments unanimously, while the company maintains contingent liabilities of Rs 36 crore and reports low interest coverage.