Simplex Infrastructures Limited — Others, 16-04-2025: Corrigendum

Simplex Infrastructures Limited has announced a board meeting for an Extra-Ordinary General Meeting (EGM) scheduled for April 22, 2025, at 12:30 PM (IST). This meeting aims to discuss a proposed preferential issue to infuse equity for business growth, targeting a total fund raise of Rs. 423.66 Crores. The funds will primarily support working capital (Rs. 197.13 Crores) and general corporate purposes (Rs. 65.70 Crores). The company expects improved financial stability and operational capacity, which may positively influence investor sentiment by highlighting revival opportunities amid past financial challenges.