Simplex Infrastructures Limited — Others, 23-04-2025: Shareholders meeting

Simplex Infrastructures Limited held an Extra-Ordinary General Meeting via video conferencing where shareholders approved multiple resolutions. Notably, the issuance of equity shares and warrants to both promoters and non-promoters was sanctioned, which will aid in fresh fund infusion. The meeting also approved converting part of a loan from the National Asset Reconstruction Company Limited into equity, allowing NARCL to acquire a 15% stake as per an existing Master Restructuring Agreement. The appointment of Mr. Gurumurthy Ramanathan and Mr. Subrata Kumar Ray as directors was approved. This strategic move may signal positive momentum for growth and operational stability, likely fostering a favorable outlook among investors.