Simplex Infrastructures Limited conducted its Extra-Ordinary General Meeting on April 22, 2026, through video conferencing, marking a significant corporate governance milestone. The company has now submitted the consolidated scrutinizer report with voting results, demonstrating overwhelming shareholder support for the proposed resolutions.

Meeting Overview and Attendance

The EGM commenced at 3.00 p.m. and concluded at 3.35 p.m., with 37 members participating through video conferencing. Chairman Rajiv Mundhra led the proceedings after confirming the requisite quorum and attendance of all directors. The company provided electronic voting facilities through NSDL, enabling members to cast votes via remote e-voting and e-voting during the meeting.

Voting Results and Director Reappointments

The scrutinizer report submitted on April 23, 2026, revealed exceptional shareholder support for both special resolutions. M/s. Labh & Labh Associates, Company Secretaries (FRN: P2025WB105500), conducted the scrutiny process with complete transparency.

Business Operations and Strategic Outlook

Chairman Rajiv Mundhra provided comprehensive updates on the company's operational status and future direction during the meeting. He highlighted meaningful progress under the restructuring framework led by National Asset Reconstruction Company Limited (NARCL). The company has initiated rebuilding its project pipeline through addition of new projects and active participation in bids with relatively lower working capital requirements.

The strategic focus encompasses engaging in projects across diverse sectors within both government and private enterprises, prioritizing projects with strong cash flow visibility, prudent risk allocation, and healthy margins. This approach reflects the company's commitment to sustainable and balanced growth, enabling structured expansion.

Regulatory Compliance and Process

The remote e-voting period remained open from 09:00 A.M. IST on April 18, 2026, up to 5:00 P.M. IST on April 21, 2026. Shareholders holding shares as on the cut-off date of April 15, 2026, were entitled to vote on the proposed resolutions. The votes were unblocked on April 22, 2026, around 3:45 PM IST after the completion of the EGM in the presence of two independent witnesses.

Sr. Vice President & Company Secretary B. L. Bajoria submitted the consolidated report to NSE, BSE, and Calcutta Stock Exchange on April 23, 2026, ensuring full regulatory compliance under Section 108 of the Companies Act, 2013.

Simplex Infrastructures Limited has issued a clarification to BSE Limited regarding recent price movements in its stock, attributing the fluctuations to market forces rather than any material developments. The company's response, dated April 17, 2026, addresses BSE's surveillance inquiry received the previous day.

Regulatory Compliance and Disclosure

The company emphasized its commitment to regulatory compliance in its filing to the exchange. Key aspects of the response include:

Simplex Infrastructures confirmed that it regularly makes disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015 as and when required, demonstrating adherence to mandatory reporting requirements.

Price Movement Attribution

The company clearly stated its position regarding the stock price fluctuations. In its response to BSE, Simplex Infrastructures indicated that it is not aware of any information or announcement that may have a bearing on the price or volume of the scrip. The management attributed the significant movement in the stock price to market forces, suggesting that external market conditions rather than company-specific developments drove the price changes.

Corporate Communication

The formal response was signed by B. L. Bajoria, Senior Vice President and Company Secretary, on behalf of Simplex Infrastructures Limited. The company requested BSE to take the clarification on record and disseminate the information on its website for broader market awareness. This standard procedure ensures transparency and keeps all stakeholders informed about the company's position regarding stock price movements.