Simplex Realty Limited has announced the resignation of Mrs. Manju Bagga as Non-Executive Non-Independent Director, effective December 22, 2025. The company disclosed this information to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mrs. Manju Bagga, holding Director Identification Number (DIN) 11095929, submitted her resignation letter dated December 22, 2025. She was nominated by Life Insurance Corporation of India (LIC) to serve as their representative on the Simplex Realty Limited Board in the capacity of Non-Executive Non-Independent Director.

Reason for Resignation

According to the resignation letter, Mrs. Bagga's decision stems from her appointment as Insurance Ombudsman by the Council for Insurance Ombudsman (COI). In her letter addressed to the Chairperson of Simplex Realty Limited, she explained that this new appointment necessitated her resignation from the Board with immediate effect.

Mrs. Bagga, who is described as Executive Director, LIC of India (Retd.), expressed gratitude to her Board colleagues for their courtesy and cooperation during her tenure as Director. She requested that LIC of India's Central Office be informed of her resignation under intimation to the Executive Director (Investment-Back Office).

Regulatory Compliance

Simplex Realty Limited confirmed that Mrs. Bagga has stated there are no other material reasons for her resignation beyond those mentioned in her resignation letter. The company has fulfilled its disclosure obligations by providing all required details under Regulation 30 of the SEBI Listing Regulations, along with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The disclosure was signed by Pooja Bagwe, Company Secretary and Compliance Officer of Simplex Realty Limited, and submitted to BSE Limited where the company's securities are listed.

Simplex Realty Limited , a prominent player in the property development sector, has announced its unaudited financial results for the second quarter and first half of fiscal year 2026, ending September 30, 2025. The company's performance shows a mixed picture, with a notable decline in profitability compared to the same period last year.

Key Financial Highlights

Quarterly Performance

For Q2 FY2026, Simplex Realty reported:

• Total income of ₹201.19 lakhs, up from ₹186.33 lakhs in Q2 FY2025
• A net loss of ₹25.19 lakhs, compared to a profit of ₹17.96 lakhs in the corresponding quarter last year

Half-Yearly Performance

For H1 FY2026, the company recorded:

• Total income of ₹554.76 lakhs, down from ₹752.65 lakhs in H1 FY2025
• A net loss of ₹137.92 lakhs, against a profit of ₹114.65 lakhs in the previous year's first half

Expense Analysis

The company's total expenses for Q2 FY2026 stood at ₹234.99 lakhs, up from ₹167.42 lakhs in Q2 FY2025. This increase in expenses, particularly in employee benefits and finance costs, appears to have impacted the bottom line significantly.

Balance Sheet Overview

As of September 30, 2025:

• Total assets stood at ₹12,176.26 lakhs, down from ₹14,375.20 lakhs at the end of FY2025
• Total equity decreased to ₹11,937.50 lakhs from ₹12,074.09 lakhs

Cash Flow Position

The company's cash and cash equivalents decreased to ₹113.13 lakhs as of September 30, 2025, compared to ₹346.32 lakhs at the beginning of the fiscal year. This reduction is primarily attributed to:

• Repayment of borrowings amounting to ₹2,000.00 lakhs
• Net cash used in operating activities of ₹1,247.60 lakhs

Financial Strategy

While specific management commentary is not provided in the financial results, the figures suggest that Simplex Realty is navigating through a challenging period. The significant reduction in borrowings indicates a focus on debt reduction, which may be part of a broader financial strategy.

Sector Overview

The property development sector continues to face headwinds, as reflected in Simplex Realty's results. The company's performance in the coming quarters will be crucial in determining its trajectory for the full fiscal year.

Investors and stakeholders will likely be watching closely for any strategic initiatives or market developments that could impact the company's financial health and operational performance in the near to medium term.