Simplex Infrastructures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2025 ,inter alia, to consider and approve 1. To consider and ....
SIMPLEXINF · price
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Simplex Infrastructures has notified the stock exchanges that its Board of Directors will meet on 27 May 2025. The Board will consider and approve the draft audited standalone and consolidated financial statements for the fourth quarter and full financial year ended 31 March 2025. It will also evaluate a proposal for a preferential issue of equity shares to selected investors. Additionally, the Board will approve the notices convening the Annual General Meeting (AGM) and an Extra-Ordinary General Meeting (EGM) required for the preferential issue. This is a routine pre-results announcement with an added capital-raising agenda item.
Shareholders should watch for the FY25 audited results on 27 May, which could influence the stock price. The proposed preferential equity issue may lead to dilution of existing shareholders' stake and typically requires promoter or strategic investor participation, the details of which will be disclosed in the EGM notice.