Simplex Realty Limited concluded its 113th Annual General Meeting (AGM) on August 5, 2026, securing near-unanimous shareholder approval for key governance resolutions. The virtual meeting, held via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw shareholders endorse the re-appointment of top leadership, the induction of two new directors, and a revision in executive remuneration. These outcomes solidify the company’s current governance structure and strategic direction for the coming year.

The proceedings were conducted in compliance with Regulation 44(3) 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, representing both promoter and public categories. The Statutory Auditors and Secretarial Auditor were present via video conference to address queries regarding their reports dated May 20, 2026.

Voting Results Overview

Shareholders voted on seven ordinary and special resolutions concerning the company’s governance structure. The voting process was facilitated by National Securities Depository Limited (NSDL), with remote e-voting available from August 2 to August 4, 2026. The combined results of remote e-voting and voting during the AGM were scrutinized by Binit Kumar, Company Secretary in Practice.

Out of 3,080 shareholders on the record date of July 29, 2026, a total of 2,240,157 votes were polled across all resolutions, representing a 74.89% turnout on outstanding shares. Promoter and Promoter Group shareholders held 1,648,427 shares and polled 1,637,980 votes (99.37% participation), casting all votes in favor. Public institutional shareholders held 450,982 shares and polled 356,475 votes (79.04% participation), also voting unanimously in favor.

Board Resolutions and Appointments

Nandan Damani, who retires by rotation, was eligible and offered himself for re-appointment as a Director under an ordinary resolution. 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. Both resolutions received overwhelming support from all shareholder categories.

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. The resolution received 99.999% support from voters.

Compliance and Scrutiny

The voting process was scrutinized by Binit Kumar, Practicing Company Secretary, pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. The Scrutinizer’s Report, dated August 6, 2026, confirms that no invalid votes were cast. The results have been made available on the company’s website and NSDL’s e-voting platform.

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.