Revised outcome for Board Meeting 20.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Realty Ltd has filed corrected annual financial results for FY26 ending March 31, 2026. The original filing on May 20, 2026 contained wrong consolidated figures (FY25 data instead of FY26) in pages 14-16, requiring this revision. Key standalone numbers show revenue from operations of Rs 1,290.32 lakhs vs Rs 479.53 lakhs in FY25, a 169% increase. However, the company reported a standalone loss before tax of Rs 47.36 lakhs vs profit of Rs 159.49 lakhs in FY25, and a standalone PAT loss of Rs 360.64 lakhs vs profit of Rs 131.64 lakhs in FY25. The auditors issued an 'Emphasis of Matter' noting that associate Simplex Papers Limited has fully eroded net worth as of March 31, 2026, and another associate Simplex Mills Company Limited has unsecured loans recoverable from Simplex Papers that remain unprovided. The auditors stated their opinion is not modified on these matters.
The significant revenue growth is offset by a sharp turnaround to loss due to associate company stress. The emphasis of matter on the associate's eroded net worth raises going concern questions for investors, though auditors have not qualified their opinion. The revised figures may create some short-term volatility as the market processes the corrected numbers.