Simplex Infrastructures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
SIMPLEXINF · price
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Awaiting price reaction for this filing.
Simplex Infrastructures reported a standalone loss of Rs. 685 lakhs for Q1 FY26 (quarter ended 30 June 2025) on revenue from operations of Rs. 15,353 lakhs, compared with a loss of Rs. 324 lakhs a year ago. On a consolidated basis, the loss widened to Rs. 810 lakhs against revenue of Rs. 24,259 lakhs. The statutory auditor (Binayak Dey & Co.) issued a qualified opinion, flagging that the company has not provided for Rs. 644 lakhs of interest on borrowings from non-assigned lenders, pending ongoing settlement discussions under the Master Restructuring Agreement with NARCL. Long-serving Whole-time Director & CFO Mr. Sukumar Dutta will retire effective 31 August 2025 and cease to be a KMP from 1 September 2025. In his place, existing Executive Director Mr. Samiran Kumar Bhattacharyya (39 years with the company) has been appointed as Additional Whole-time Director and will take over as CFO from 1 September 2025. The Board also approved the appointment of M/s Labh & Labh Associates as Secretarial Auditors for a 5-year term, the Board's Report for FY25, and the AGM notice for 25 September 2025.
Negative near-term given the widened quarterly loss and the auditor's qualified opinion on Rs. 644 lakhs of unprovided interest, but the change at the CFO position is an internal elevation rather than a sudden exit, which may limit disruption. The continued debt-restructuring progress with NARCL and conversion of ICICI Bank debt to equity are positive for the balance sheet, though equity dilution from the preferential allotments is meaningful.