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Awaiting price reaction for this filing.
The Board of Directors of Simplex Realty Ltd, at its meeting on July 16, 2025, approved an investment of Rs. 35 Crore in its wholly-owned subsidiary Simplex Modern Homes Private Limited (SMHPL) through subscription to 9% Redeemable Preference Shares (50% of the preference share capital). SMHPL is a newly incorporated private company (incorporated March 25, 2025) engaged in the real estate business. The investment is being made by way of cash consideration, is classified as a related party transaction, and is being carried out at arm's length. The purpose stated is to diversify and expand the company's current real estate business, with completion targeted within FY 2025-26.
This is a capital infusion into a newly formed subsidiary, signalling the company's intent to expand its real estate operations. Since SMHPL is wholly owned and freshly incorporated, the immediate impact on minority shareholders is limited, though successful execution could create long-term value if the new venture scales up.