Simplex Infrastructures Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The Board of Directors has approved several key initiatives, including the appointment of Mr. Gurumurthy Ramanathan as Nominee Director and Mr. Subrata Kumar Ray as Independent Director. They also sanctioned the allotment of 1,00,84,027 equity shares to NARCL. A preferential issue of equity shares and convertible warrants to both promoters and non-promoters was authorized. Additionally, a notice for an Extra-Ordinary General Meeting has been approved, scheduled for 22nd April 2025, to discuss these matters further. These decisions are strategically significant for the company’s future capital structure and governance.