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Simplex Realty Ltd has signed a Shareholders Agreement on 25 July 2025 with Modern India Ltd and its wholly owned subsidiary Simplex Modern Homes Pvt Ltd. Under the deal, Simplex Realty will sell 4,900 equity shares (of Rs. 10 each) in Simplex Modern Homes to Modern India and also invest in preference shares (Rs. 10 each) of the subsidiary. After this transaction, Simplex Modern Homes will no longer be a wholly owned subsidiary and will instead be a regular subsidiary of Simplex Realty, jointly controlled with Modern India. Both Simplex and Modern will have the right to nominate 2 directors each on the subsidiary's board. The transaction is classified as a related party transaction.
This restructuring brings Modern India as a strategic partner into Simplex Modern Homes, diluting Simplex Realty from full ownership to a joint arrangement. Shareholders should watch for capital infusion details from the preference share issue and any impact on the listed company's consolidated financials.