Simplex Infrastructures Limited — Others, 28-05-2025: Shareholders meeting

Simplex Infrastructures Limited has announced a board meeting to approve debt restructuring by converting part of its dues to ICICI Bank into 10 lakh equity shares at Rs.294/share, totaling Rs.29.4 Cr as a one-time settlement. Additionally, it plans to issue 1.73 lakh shares to National Asset Reconstruction Company Limited at the same price, amounting to Rs.5.09 Cr, to maintain its 15% stake. These moves aim to reduce debt without cash outflows and strengthen the company’s financial position. Voting will be held via e-voting and a virtual EGM.