Simplex Realty Ltd — Board Meeting, 06-08-2025: Board Meeting

Simplex Realty has announced a board meeting was held where it approved the financial results for the first quarter ended June 30, 2025. For the quarter, standalone revenue was ₹2.50 Cr with a profit before tax of ₹0.51 Cr. Consolidated revenue was also ₹2.50 Cr, with a profit before tax of ₹0.50 Cr, but a net loss of ₹1.14 Cr. The Board also approved a supplementary agreement with its subsidiary for a project assignment. Auditors highlighted concerns about two associate companies due to eroded net worth and unimpaired loans, raising doubts about their ability to continue as a going concern, impacting consolidated financials.