Simplex Realty Reports Q1 Loss Amid Revenue Decline, Approves Subsidiary Project Assignment Aug 06, 2025
More news about Simplex Realty
25Jul 25
Simplex Realty Restructures Subsidiary Ownership in Strategic Move with Modern India Limited
Simplex Realty has signed a Shareholders Agreement with Modern India Limited, involving the divestment of 4,900 equity shares in its subsidiary, Simplex Modern Homes Private Limited. The company will also invest in preference shares of the subsidiary. This restructuring changes the subsidiary's status from wholly-owned to a regular subsidiary. Both Simplex Realty and Modern India Limited will have equal board representation in the subsidiary. The transaction is classified as a related party transaction and complies with SEBI regulations.