Simplex Realty Limited reported a consolidated net loss of ₹8.67 lakh for the quarter ended June 30, 2026, marking a substantial improvement over the ₹113.83 lakh loss recorded in the corresponding quarter of the previous year. This narrowing of losses occurred despite a steep decline in consolidated revenue from operations, which fell to ₹20.85 lakh from ₹250.16 lakh in Q1FY26. The company’s total comprehensive income for the period stood at ₹6.26 lakh, compared to a comprehensive expense of ₹109.16 lakh in Q1FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 5, 2026. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the results in Financial Express and Mumbai Lakshadeep on August 6, 2026. The full format of the financial results is available on the BSE Limited website and the company’s official site.

Consolidated Financial Performance

The consolidated results reflect a significant contraction in operational scale alongside improved profitability metrics due to lower losses. Total income from operations dropped by approximately 92% year-on-year. However, the net loss after tax reduced by roughly 92% compared to the prior year period.

Standalone Results

On a standalone basis, Simplex Realty Limited reported total income including other income at ₹96.98 lakh for Q1FY27, down from ₹353.57 lakh in Q1FY26. The standalone net loss after tax was ₹18.29 lakh, an improvement from the ₹112.73 lakh loss in the same quarter last year. The profit before tax stood at a loss of ₹26.87 lakh, compared to a profit of ₹51.02 lakh in Q1FY26.

What the Numbers Show

The divergence between the sharp revenue decline and the narrowing net loss suggests that cost structures or exceptional items may have played a role in the improved bottom line relative to the top-line contraction. While revenue plummeted by over 90%, the net loss decreased by a similar magnitude, indicating that fixed costs or specific liabilities may have been lower or better managed in this period compared to the previous year. The shift from a comprehensive expense of ₹109.16 lakh in Q1FY26 to a positive comprehensive income of ₹6.26 lakh in Q1FY27 further highlights this stabilization in overall financial health despite minimal operational income.

Simplex Realty Limited concluded its 113th Annual General Meeting (AGM) on August 5, 2026, securing shareholder approval for key board changes including the re-appointment of its top leadership and the induction of two new directors. The meeting, held via Video Conferencing/Other Audio Visual Means (VC/OAVM), also approved a revision in the remuneration terms for Whole-time Director Sandhya R Kini.

The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nandan Damani, Chairman of Simplex Realty Limited, presided over the meeting, which began at 12:30 p.m. and concluded at 12:52 p.m. A total of 27 members attended the virtual gathering. The Statutory Auditors and Secretarial Auditor were present via video conference to address any queries regarding their reports dated May 20, 2026.

Board Resolutions and Appointments

Shareholders voted on several ordinary and special resolutions concerning the company’s governance structure. The primary focus was on retaining experienced leadership while expanding the board with new expertise.

Nandan Damani, who retires by rotation, was eligible and offered himself for re-appointment as a Director. His role as Managing Director was also subject to a special resolution for re-appointment. Similarly, Sanjay N Damani, Joint Managing Director, sought re-appointment through a special resolution.

New Director Inductions

The board expanded with the appointment of Geeta Prabhakaran as a Director under an ordinary resolution. Additionally, Sita Sunil was appointed as an Independent Director via a special resolution, bringing her DIN (00041722) into the company’s governance framework. These appointments aim to strengthen the board’s oversight capabilities and independent perspective.

Remuneration Revision

A special resolution was passed to revise the terms of remuneration for Sandhya R Kini, who serves as the Whole-time Director of the company. This adjustment reflects the board’s decision to align executive compensation with current market standards and performance expectations.

Voting Process and Compliance

Remote e-voting facilities were provided to all members from August 2, 2026, at 9:00 a.m. to August 4, 2026, at 5:00 p.m., facilitated by National Securities Depository Limited (NSDL). Members who had not voted remotely were given the opportunity to vote during the AGM. The combined results of the remote e-voting and the Scrutinizer’s Report will be intimated to the stock exchanges and published on the company’s website, www.simplex-group.com , within the stipulated timeframe.