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Simplex Infrastructures issues equity to settle bank debts

July 22, 2025 at 11:19 AM UTC•By FilingReader AI

Simplex Infrastructures allotted 1 million equity shares to ICICI Bank at ₹294 per share, totaling ₹2.94bn, as part of a one-time settlement.

The company also allotted 173,000 shares to National Asset Reconstruction Company Limited at ₹294 per share, worth ₹508.6m, converting outstanding loans to equity.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Allotment of 10,00,000 Equity Shares to ICICI Bank Limited pursuant to One-Time Settlement and 1,73,000 Equity Shares to NARCL pursuant to Master Restructuring Agreement as per letter attachedJuly 22, 2025 at 11:12 AM UTC

Simplex Infrastructures

BSE:SIMPLEXINF•Bombay Stock Exchange

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