Simplex Realty Ltd — Results, 21-05-2025: Result

Simplex Realty Limited has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025. The auditors issued unmodified opinions on both standalone and consolidated results. Key points include a consolidated profit after tax of ₹130.09 lakhs versus ₹511.13 lakhs last year, reflecting a moderation in earnings. The Board approved the appointment of Smt. Manju Bagga as a Non-Executive Director and the incorporation of a wholly owned subsidiary, Simplex Dream Homes Private Limited, with an authorized capital of ₹1 lakh to pursue new projects. Shri Praveen Kumar resigned as Non-Executive Director. M/s. Taher Saptwala & Associates have been proposed as Secretarial Auditors for five years, subject to shareholder approval. The Board also approved a joint venture where Modern Estates India will hold 49% in Simplex Modern Home Private Limited.