Simplex Infra’s Capital Reshuffle: Rs 74.88 Crore Equity Infusion Signals Fresh Momentum

Simplex Infrastructures Ltd has approved the conversion of 25.91 lakh convertible warrants into fully paid-up equity shares, marking a strategic step in its ongoing financial revival. The move is part of a broader capital infusion and debt restructuring plan involving National Asset Reconstruction Company Ltd (NARCL).

 

Key Highlights:

 

- 25,91,000 equity shares issued at Rs 289 per share, aggregating Rs 74.88 crore

 

- Conversion linked to NARCL’s restructuring agreement, giving it a 15% stake on a fully diluted basis

 

- Equity shares rank pari passu with existing shares and are fully paid-up

 

- Conversion follows earlier allotment of 72.39 lakh equity shares and 74.20 lakh convertible warrants to non-promoter entities

 

Strategic Implications:

 

- Strengthens Simplex’s capital base amid limited access to banking facilities

 

- Facilitates long-term viability and operational continuity

 

- Signals investor confidence in the company’s turnaround strategy

 

Sources: BSE Corporate Filings, Rediff MoneyWiz, Finance Saathi, Simplex Infra EGM Proceedings