Monitoring Agency Report

Simplex Infrastructures Limited has submitted a Monitoring Agency Report to the stock exchanges, as required under SEBI regulations for companies that have raised money from the public or through preferential issues. When a company raises funds above certain thresholds, it must appoint an independent monitoring agency (typically a bank) to track whether the money is being spent for the purposes disclosed at the time of fundraising. This filing is part of that compliance process and usually accompanies quarterly results. The actual report would detail any deviations between planned and actual use of funds, and any observations by the monitoring agency.