Simplex Infrastructures Limited — Others, 12-03-2025: Shareholders meeting

Simplex Infrastructures Limited has announced a board meeting to discuss the proceedings of their Extra-Ordinary General Meeting (EGM), held via video conferencing. The key outcome was the execution of a Master Restructuring Agreement with the National Asset Reconstruction Company, involving the issuance of 1,00,84,027 equity shares at ₹281.36 per share to NARCL, which will significantly strengthen the company's balance sheet and financial position by converting part of its outstanding debt. The meeting also included discussions on improving credit rating and capital expenditure plans. This strategic move could foster a positive outlook among investors, reflecting confidence in the company's revitalization efforts.