Simplex Infrastructures Limited reported a standalone net profit of ₹377 mns for the year ended March 31, 2026, compared to ₹97 mns in the previous year, as the company marked a significant inflection point in its financial turnaround journey.

Financial Performance

On a standalone basis, revenue from operations declined to ₹6,702 mns from ₹7,313 mns in the previous year. However, profitability improved sharply across key metrics, reflecting the impact of debt restructuring and improved operational efficiency.

On a consolidated basis, revenue from operations stood at ₹10,212 mns against ₹10,756 mns in the previous year. Consolidated profit for the year was ₹404 mns compared to ₹121 mns previously, and total comprehensive income reached ₹616 mns versus ₹86 mns in FY25.

Debt Restructuring and Capital Structure

A defining development during FY26 was the conclusion of settlement and restructuring arrangements with lenders representing 99.55% of the company's outstanding debt exposure as on March 31, 2026. The balance outstanding settlement, representing 0.45% of overall debt exposure, is due for settlement and expected to close by September 2026.

The restructuring was executed under a Master Restructuring Agreement (MRA) with National Asset Reconstruction Company Limited (NARCL), under which NARCL acquired 15% of the paid-up equity share capital on a fully diluted basis through conversion of a portion of outstanding debt.

The company also completed a preferential allotment of equity shares and convertible warrants during the year. Key allotments are summarised below:

As on March 31, 2026, the paid-up share capital stood at ₹15,85,76,559/-, comprising 7,90,95,346 equity shares of ₹2/- each aggregating to ₹15,81,90,692/-, and ₹3,85,867/- towards forfeited shares. As on March 31, 2026, 65,55,883 convertible warrants remained outstanding, exercisable on or before November 29, 2026.

Key Financial Ratios

Significant changes in key financial ratios were reported for FY26 versus FY25:

The sharp improvement in the net debt-equity ratio reflects the combined effect of reduced borrowings and increased equity following the preferential allotment. The net profit ratio improvement was driven by higher profit after tax.

Order Book and Business Operations

During FY26, the company secured new orders amounting to approximately ₹5,295 mns across various verticals, taking the order book above ₹12,000 mns as on March 31, 2026. The order book composition by sector was: power transmission (36%), roads and bridges (29%), building and housing (13%), industrial structures (13%), urban infrastructure (9%), with railways and marine each at insignificant levels.

Projects secured during FY26 included EPC contracts for chimney packages at Nabinagar STPP Stage-II (3x800 MW) in Bihar and Gadarwara STPP Stage-II (2x800 MW) in Madhya Pradesh, civil works for a residential building in Maharashtra, and piling work for an overhead transmission line in Jeddah, Saudi Arabia.

Foreign Exchange and Capital Expenditure

Foreign exchange earned during FY26 was ₹1,835 million against ₹853 million in FY25. Foreign exchange used was ₹1,006 million versus ₹699 million in FY25. The company made additions of ₹479 mns to its property, plant and equipment during the year.

Dividend and Other Disclosures

The Board of Directors did not recommend any dividend for FY26 in order to conserve cash and strengthen the company's financial position. No amount was transferred to general reserves during the year. The company had 561 permanent employees on its rolls as on March 31, 2026, and a total workforce of 1,166 manpower as of that date.

The statutory auditors' report (both standalone and consolidated) does not contain any qualification, adverse observation, or remark. The 108th Annual General Meeting is scheduled for September 23, 2026 through video conferencing.

Simplex Infrastructures has scheduled its 108th Annual General Meeting for September 23, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars.

The company’s Register of Members and Share Transfer Books will remain closed from September 17, 2026, to September 23, 2026, inclusive. This book closure period determines shareholder eligibility for the upcoming vote.

Voting Schedule

Remote e-voting will begin on September 19, 2026, at 9:00 am and conclude on September 22, 2026, at 5:00 pm. The cut-off date for determining eligible members is September 16, 2026.

Document Dispatch

The Notice of AGM, along with the Annual Report for FY26, Board’s Report, and Auditor Report, is being sent to members who have registered their email addresses with the company or Depository Participants. This dispatch complies with the timelines mandated under the Companies Act, 2013.