Simplex Infrastructures Limited — Others, 13-03-2025: Shareholders meeting

Simplex Infrastructures Limited has announced a board meeting to disclose the voting results from its Extra-Ordinary General Meeting, held via video conferencing. The meeting saw a unanimous approval of resolutions, including the conversion of a portion of the loan from National Assets Reconstruction Company Ltd into equity shares, allowing NARCL to acquire a 15% stake in the company. The company also plans to raise up to INR 600 crore through a Qualified Institutional Placement. These moves indicate a strategic strengthening of the company's balance sheet and could enhance investor confidence in future capital and debt management.