Simplex Realty Reports ₹3.61 Cr Loss for FY26, Appoints New Directors

Simplex Realty announced a net loss of ₹3.61 crore for the fiscal year ending March 31, 2026. The company's revenue from operations for the same period was ₹12.90 crore.

Financial Results for FY26

The company's Board of Directors approved the audited standalone financial results for fiscal year 2026. During the year, Simplex Realty recorded a loss before tax of ₹47.36 lakh and a net loss for the period of ₹360.64 lakh (₹3.61 crore). The basic and diluted Earnings Per Share (EPS) for the fiscal year was a negative ₹12.06.

New Director Appointments

In addition to the financial results, the board approved the appointment of Ms. Geeta Prabhakaran as an Additional Non-Executive Director and Smt. Sita Sunil as an Additional Independent Director. These appointments are effective from May 20, 2026, pending shareholder approval at the upcoming Annual General Meeting (AGM).

Annual General Meeting Set

Simplex Realty's 113th AGM is scheduled to take place on August 5, 2026. Shareholders will vote on various matters, including the appointment of the new directors.

Auditor's Opinion

The statutory auditors provided an unmodified opinion on Simplex Realty's standalone financial statements, indicating that the accounts are presented fairly and without significant issues.

Financial Performance and Strategy

The results highlight a challenging year for Simplex Realty in terms of profitability, with the net loss occurring despite significant revenue. The addition of new directors could signal a strategic shift or an increased focus on corporate governance and future growth initiatives.

Challenges with Associate Companies

The company's filings also detailed issues concerning its associate entities, Simplex Papers Limited and Simplex Mills Company Limited. Simplex Papers Limited is facing net worth erosion and is preparing its financial statements on a going concern basis, relying on future projections. Furthermore, Simplex Mills Company Limited has unprovided loans and advances that are recoverable from Simplex Papers Limited. These factors related to associate companies present potential long-term risks for Simplex Realty.

Board Composition Enhancement

With the upcoming appointments, Simplex Realty's board will see an enhancement in its composition, potentially bringing new expertise and perspectives to guide the company's future direction.

Key Metrics

• Standalone Revenue FY26: ₹12.90 crore
• Standalone Net Loss FY26: ₹3.61 crore
• Standalone EPS FY26: ₹(12.06)

What Investors Should Watch

Investors will be closely monitoring Simplex Realty's financial performance in the next fiscal year and the impact of the new directors on the company's strategy and profitability. Shareholder approval of the new directorships at the AGM will also be a significant event to observe.