Simplex Infrastructures Limited — Important, 22-07-2025: General Updates

Simplex Infrastructures allotted 11.73 lakh new equity shares at Rs. 294 each. This includes 10 lakh shares worth Rs. 29.40 Cr to ICICI Bank, converting outstanding debt via a one-time settlement. Additionally, 1.73 lakh shares worth Rs. 5.09 Cr were allotted to NARCL, converting their loan to maintain a 15% stake, aligning with a restructuring agreement. This significant debt-to-equity conversion strengthens the balance sheet and is a key step in financial restructuring.