Rajiv Mundhra & PAC of the Company has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SIMPLEXINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Rajiv Mundhra, along with persons acting in concert (PAC), has filed a disclosure stating they hold 2,84,70,163 equity shares (49.82%) of Simplex Infrastructures as of 31st March 2025. Their effective stake will come down to 42.35% once 1,00,84,027 shares allotted to NARCL (National Asset Reconstruction Company) on 28/03/2025 get listed. The disclosure confirms that the promoters have NOT created any encumbrance (pledge or lien) on these shares. This is a mandatory filing under SEBI takeover rules for shareholders holding over 25% who are declaring non-encumbrance of their holdings.
Shareholders should note that the promoter holding is already below the 50% majority mark at 49.82% and will further dilute to about 42.35% post NARCL's share allotment, reflecting significant promoter dilution. The NARCL share issuance is part of debt restructuring. The absence of any pledge on promoter shares is a mildly positive signal indicating no immediate financial distress at the promoter level.