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 unqualified audit opinions from Khandelwal and Mehta LLP. The company reported consolidated revenue of ₹479.53 lakh and total income of ₹1,259.97 lakh for the year. Profit before tax stood at ₹157.94 lakh, with net profit at ₹130.09 lakh. It also 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. Shri Praveen Kumar resigned as Non-Executive Director, effective May 24, 2025. The board approved the appointment of M/s. Taher Saptwala & Associates as Secretarial Auditors for five years, pending shareholder approval. A joint venture was proposed between Simplex Modern Home Private Limited and Modern Estates India Private Limited, with the JV partner holding 49% stake. The company’s consolidated assets rose to ₹139.11 Cr from ₹117.60 Cr the previous year, with borrowings increasing to ₹20 Cr from nil.