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

Simplex Realty Limited has announced a board meeting on which the audited financial results for the quarter and financial year ended March 31, 2025, were approved. The company reported standalone revenue from operations of ₹479.53 lakh for the year, with a profit before tax of ₹159.49 lakh and a net profit of ₹131.64 lakh. The consolidated results showed total income of ₹1,259.97 lakh and a profit after tax of ₹130.09 lakh for the year. The auditors issued an unmodified opinion on both standalone and consolidated results. The Board also approved the appointment of Smt. Manju Bagga as a Non-Executive Director, accepted the resignation of Shri Praveen Kumar, sanctioned the incorporation of a wholly owned subsidiary with authorized capital of ₹1 lakh, and approved appointing M/s. Taher Saptwala & Associates as Secretarial Auditors for five years, pending shareholder approval. A joint venture is planned between Simplex Modern Home Pvt Ltd and Modern Estates India Pvt Ltd, where the JV partner will hold 49% stake. Shareholders will consider these matters at the upcoming Annual General Meeting.