Simplex Infrastructures Limited — Others, 29-03-2025: Shareholders meeting

Simplex Infrastructures Limited has announced a board meeting on April 22, 2025, to discuss key resolutions, including a preferential issue of up to 72,39,447 equity shares at ₹289 each, totaling approximately ₹209.22 crore, targeted at non-promoters. Additionally, up to 74,20,935 convertible warrants are proposed to be issued, potentially raising another ₹214.46 crore. The company plans to convert a part of its outstanding debt with the National Asset Reconstruction Company Limited (NARCL) into equity shares, intending for NARCL to hold a 15% stake post-allotment. This strategic move aims to stabilize and enhance liquidity, reflecting a positive outlook for operational recovery and growth.