Simplex Infrastructures Limited — Important, 15-01-2025: General Updates

The company has executed a Master Restructuring Agreement (MRA) with National Asset Reconstruction Company Ltd (NARCL), which represents 85.44% of the secured lenders based on the value as of March 31, 2024. The agreement entails repaying a sustainable debt of ₹1,250 crores over the next seven years. Ongoing negotiations are in place with the remaining lenders holding 14.56% of the debt. Under the MRA, NARCL will receive 15% of the company’s new equity shares through the conversion of unsustainable debt, along with an 11% pledge of shares from the Promoter Group. This restructuring aims to enhance the company's financial stability and could present future opportunities for growth. Shareholders should monitor further developments as the company works through its debt obligations.