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

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, with both standalone and consolidated results receiving an unmodified audit opinion. The company reported a standalone loss after tax of ₹29.59 lakhs for the quarter and a profit of ₹131.64 lakhs for the year, while consolidated figures showed a quarter loss of ₹30.45 lakhs and a year profit of ₹130.09 lakhs. The Board approved the appointment of Smt. Manju Bagga as an Additional Non-Executive Director and the resignation of Shri Praveen Kumar from the Non-Executive Director position. It also approved incorporating a wholly owned subsidiary with an authorized capital of ₹1 lakh for new projects, and the appointment of M/s. Taher Saptwala & Associates as Secretarial Auditors for five years, subject to shareholder approval. A joint venture was proposed between Simplex Modern Home Pvt Ltd and Modern Estates India Pvt Ltd, where the JV partner will hold 49% stake, with further details pending completion of agreements. The company’s balance sheet reflects increased current assets and a rise in borrowings to ₹20 crore. These developments signal strategic expansion efforts alongside stable financial governance.