On 22nd April 2025, Simplex Infrastructures Ltd. conducted an Extraordinary General Meeting (EGM) via video conferencing, in compliance with the provisions of Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was attended by 42 shareholders, including 13 from the promoter group and 29 public shareholders.

The key agenda items discussed and voted upon during the meeting include:

1. Approval for Issuance of Equity Shares to Non-Promoters: Simplex Infrastructures Ltd. sought approval for the issuance of equity shares to non-promoters on a preferential basis. This resolution was passed with 100% votes in favor and no dissenting votes. The total votes cast were 28,470,163, representing 100% of the valid votes.

2. Issuance of Warrants to Promoter Group and Non-Promoters: The company proposed the issuance of warrants on a preferential basis, both to promoters and non-promoters. This proposal also saw 100% support from the shareholders. No votes were cast against this resolution, reaffirming the shareholders' confidence in the proposed move.

3. Conversion of Loan to Equity Shares for NARCL: Another important resolution involved converting part of the outstanding loan from National Asset Reconstruction Company Limited (NARCL) into equity shares. This would result in NARCL holding 15% of the equity in Simplex Infrastructures Ltd. on a fully diluted basis. The approval was granted with 100% votes in favor.

The voting results for all resolutions were as follows:

• Promoter and Promoter Group Votes: All resolutions received 100% approval from the promoter and promoter group shareholders, with no votes against.

• Public Votes: Similarly, the public shareholders expressed unanimous support for the resolutions, with no votes against.

In terms of voting breakdown, all the votes were cast via e-voting, with no invalid votes recorded. The voting results confirmed that all resolutions were passed with overwhelming support, underscoring strong backing from both promoters and public shareholders.

Detailed Agenda-wise Voting Outcomes:

1. Resolution 1 - Issuance of Equity Shares:

   • Votes in favor: 28,470,163 (100%)

   • Votes against: 0

   • Invalid votes: 0

2. Resolution 2 - Issuance of Warrants:

   • Votes in favor: 28,470,163 (100%)

   • Votes against: 0

   • Invalid votes: 0

3. Resolution 3 - Conversion of NARCL Loan into Equity Shares:

   • Votes in favor: 28,470,163 (100%)

   • Votes against: 0

   • Invalid votes: 0

The company’s Board of Directors expressed their gratitude to the shareholders for their prompt participation in the voting process and emphasized that these approvals will facilitate the company’s strategic initiatives in raising funds and restructuring its financial obligations.

The next steps for Simplex Infrastructures Ltd. will include the formal implementation of the resolutions approved by the shareholders, which are expected to strengthen the company's capital structure and facilitate further growth.

For Simplex Infrastructures Ltd., this move is significant in terms of its ongoing efforts to enhance shareholder value while also meeting regulatory and market expectations. The resolutions, particularly the conversion of NARCL's loan into equity, demonstrate the company's commitment to financial restructuring and long-term sustainability.

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