Simplex Infrastructures Limited — Important, 13-03-2025: General Updates

An addendum to the Valuation Report has been published and is available on the company’s website. This addendum, dated 12/03/2025, was prepared following guidance from the NSE when granting in-principal approval for the company’s proposed preferential issue of 10,084,027 equity shares at Rs. 2 each to the National Asset Reconstruction Company Limited (NARCL), as part of a debt conversion strategy. Importantly, the addendum does not affect the pricing of the equity shares for this preferred issue, indicating the strategic move to enhance the company’s capital structure without altering share valuation. Investors should monitor this development, as successful execution could potentially stabilize finances and provide a positive outlook for future growth.