Simplex Infrastructures Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SIMPLEXINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Infrastructures Limited has filed its quarterly statement on deviations or variations for funds raised through a Preferential Issue. The company raised Rs.281.59 crores total - comprising Rs.262.84 crores from equity and warrant upfront consideration (allotted May 29, 2025), plus Rs.18.75 crores from conversion of 8,65,052 warrants into equity shares (July 21, 2025). M/s Care Ratings Limited acted as the monitoring agency. The filing confirms there is NO deviation or variation in the use of funds raised during the quarter ended March 31, 2026. Both the Audit Committee and auditors have stated no comments on the utilization.
This is a positive compliance filing indicating that funds from the preferential issue have been utilized as intended without any deviations. Shareholders can note that Rs.281.59 crore raised via equity and warrant conversions has been deployed according to the approved objects, with no need for explanations to regulators.