Simplex Infrastructures Limited — Important, 23-05-2025: General Updates

Simplex Infrastructures has announced a board meeting to approve the financial results for the quarter and half-year. The company secured in-principle approvals for a preferential issue of ~98.3 lakh shares at Rs. 289 each, raising about Rs. 284 Cr from promoters and others. Additionally, Rs. 74.88 Cr of loans from NARCL will convert into equity, giving NARCL a 15% stake on a diluted basis. The company will enhance internal controls related to allottee trading before completing the share allotment.