Simplex Infrastructures Limited — Others, 23-06-2025: Shareholders meeting

Simplex Infrastructures Limited has announced a board meeting to approve conversion of part of its outstanding debt into equity shares as a debt resolution step. Under a One-time Settlement with ICICI Bank, the company will issue 10 lakh equity shares in exchange for debt. Additionally, as part of a Master Restructuring Agreement with the National Asset Reconstruction Company Limited (NARCL), a portion of unsustainable debt will be converted into equity to enable NARCL to hold 15% equity on a fully diluted basis. These measures aim to strengthen the company’s financial position and support its growth prospects in infrastructure, power, housing, and industrial construction sectors.