Simplex Realty Ltd — Board Meeting, 21-05-2025: Board Meeting

Simplex Realty Limited has announced a board meeting on 21st May 2025, where it approved the financial results for the quarter and half-year ended 31st March 2025, reporting consolidated total income of ₹1,259.97 lakhs and profit after tax of ₹130.09 lakhs for the year. The company’s associates have accumulated losses with eroded net worth, but management continues to prepare their accounts on a going concern basis. The Board also approved the appointment of Smt. Manju Bagga as an additional Non-Executive Director, incorporation of a wholly owned subsidiary with authorized capital ₹1 lakh for new projects, and the appointment of M/s Taher Saptwala & Associates as Secretarial Auditors for five years, subject to shareholder approval. Shri Praveen Kumar resigned as Non-Executive Director effective 24th May 2025. A joint venture was approved between Simplex Modern Home Private Limited and Modern Estates India Private Limited, wherein the JV partner will hold 49% stake.