Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Realty Ltd has signed a Supplemental Agreement on October 6, 2025 with Bandra Anandvihar Co-Operative Housing Society Ltd for the redevelopment of the society's building in Bandra (West), Mumbai. The company is assigning its developer rights to its 51%-owned subsidiary, Simplex Modern Homes Private Limited, which will act as the assignee and carry out the redevelopment project. The transaction qualifies as a related party deal since the assignee is a subsidiary, but the company states it was done at arm's length. No specific financial value, project size, or revenue impact has been disclosed in the filing.
This is an internal restructuring where a real estate project is moved from the parent to its subsidiary; no material financial impact or change in business outlook has been disclosed, so the immediate effect on shareholders is likely neutral.