Simplex Realty Ltd — Updates, 21-05-2025: Company Update

Simplex Realty has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025, with statutory auditors giving an unmodified opinion. The company posted a standalone loss of ₹29.59 lakhs for the quarter and a profit of ₹131.64 lakhs for the year. Consolidated results showed a profit after tax of ₹130.09 lakhs for the year. The Board approved the appointment of Smt. Manju Bagga as an additional non-executive director, subject to shareholder approval. A wholly owned subsidiary, Simplex Dream Homes Private Limited, has been incorporated with an authorized capital of ₹1 lakh. Non-executive director Shri Praveen Kumar resigned. M/s. Taher Saptwala & Associates was approved as secretarial auditors for five years, pending shareholder approval. The Board also approved a joint venture where Modern Estates India Pvt. Ltd. will hold 49% stake in Simplex Modern Home Pvt. Ltd. This activity enhances the company’s governance and growth plans with new projects and partnerships.