Simplex Infrastructures Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
SIMPLEXINF · price
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Simplex Infrastructures' Board met on August 13, 2025 and approved unaudited Q1 FY26 results: standalone revenue of ₹15,353 lakhs with a loss after tax of ₹1,161 lakhs, while consolidated revenue stood at ₹24,259 lakhs with a profit after tax of ₹727 lakhs. The statutory auditor issued a qualified opinion, flagging that the company has not provided for ₹644 lakhs of interest on borrowings from non-assigned lenders, which would have further increased losses. Mr. Sukumar Dutta will retire as Whole-time Director and CFO on August 31, 2025, and internal veteran Mr. Samiran Kumar Bhattacharyya (a Chartered Accountant with 39 years at the company) will take over as Whole-time Director effective August 13, 2025 and as CFO from September 1, 2025. The Board also appointed M/s Labh & Labh Associates as Secretarial Auditors for 5 years, approved the Board's Report, and noted the CARE Ratings monitoring report showing no deviation in use of the ₹214.47 crore preferential issue proceeds.
The CFO handover is an internal, well-planned transition, which limits disruption risk. However, the standalone loss, the auditor's qualified opinion on unpaid interest, and overdue debts of ₹29,683 lakhs to non-assigned lenders highlight continued financial stress – shareholders should track progress of the NARCL debt restructuring and overall profitability recovery.