Submission of Half yearly statement related to ISIN for Debt-Securities as on September 30,2025, Pursuant to SEBI Circular No CIR/IMD/DF-1/67/2017 dated June, 2017
SIMPLEXINF · price
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Simplex Infrastructures Ltd has submitted its half-yearly ISIN statement for 13 listed non-convertible debentures (NCDs) originally totaling Rs. 450 crores at high coupon rates of 12.75% to 15.65% per annum. Out of the total, only Rs. 15 crores remains outstanding on a single ISIN (INE059B07021), with the remaining NCDs carrying an outstanding value of zero. The bulk of the debt has been assigned to the National Asset Reconstruction Company Ltd (NARCL, the government-backed 'bad bank') under a Master Restructuring Agreement (MRA) executed on January 15, 2025. Smaller portions were resolved through one-time settlements with Axis Bank, HDFC Trustee Company Ltd, and Bank of Baroda during 2025.
This filing confirms that Simplex Infrastructures has undergone a major debt resolution, with nearly all of its legacy NCD liabilities transferred to NARCL or settled with lenders. While this effectively cleans stressed debt off the company's books, it also reflects deep prior financial distress and highlights the limited recourse for original bondholders, who will need to pursue recovery through NARCL.