Simplex Mills Company Share Price

Simplex Mills Company Limited was incorporated in 1998 and engages as manufacturer of textile products like cloths and fabrics. The Company spins, weaves, processes, bleaches, dyes, and prints textiles. The Company prospered in supplying and manufacturing of blended and 100% cotton processed and grey fabrics, Cotton blended warp/weft yarn for weaving and special industrial application oriented fabrics as per technical specification. Due to continuous losses and with no hope of any improvement in operations during 201112, the Company filed an application with the Commissioner of Labour, Maharashtra State, Mumbai for closure of the Textile Plant at Akola and had received permission for closure of the said Plant. The Labour Union was in appeal against the Order and currently Union has filed an application for passing suitable Order and the said application was allowed in the operative part of Award by the Tribunal.