Simplex Infrastructures Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Simplex Infra's board approved Q1 FY25 consolidated results, showing a **₹7.35 Cr loss**. Auditors issued a qualified opinion, highlighting the company's decision not to provision **₹6.44 Cr** in interest on non-assigned debts, which could impact financials.

Key leadership changes include CFO Mr. Sukumar Dutta's retirement, with Mr. Samiran Kumar Bhattacharyya stepping in as new Whole-time Director & CFO.

The company raised **₹209.22 Cr** via preferential equity and **₹53.62 Cr** upfront from convertible warrants. Debts were converted to equity for ICICI Bank and NARCL, increasing NARCL's stake to 15% fully diluted. Overdue debts to other lenders remain at **₹296.83 Cr**.