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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations fell sharply to ₹250.16 lakh from ₹400.76 lakh in the same quarter last year, a drop of about 38%. Total income stood at ₹353.57 lakh versus ₹566.32 lakh. The company swung to a standalone loss after tax of ₹112.73 lakh, compared to a profit of ₹96.69 lakh in Q1 FY25, with EPS turning negative at ₹(3.77). The board also approved a supplementary agreement with its wholly owned subsidiary, Simplex Modern Homes Private Limited (newly acquired w.e.f. 9 April 2025), for the assignment of a project.
Weak quarterly performance with both revenue and profitability deteriorating sharply, pushing the company into a loss. Shareholders should note the auditor's emphasis of matter flagging going concern uncertainty for two associate companies (Simplex Mills and Simplex Papers) whose net worth is fully eroded, which adds risk despite the limited review being otherwise unmodified.