The board will consider raising funds through preferential issue of eligible securities to investors, the company said.
Simplex Infrastructures executes construction projects in several sectors like transport, energy & power, mining, buildings, marine, real estate, etc.
On a consolidated basis, Simplex Infrastructures reported net loss of Rs 148.32 crore in Q3 December 2021 as against net loss of Rs 101.87 crore in Q3 December 2020. Net sales declined 27.65% to Rs 484.91 crore in Q3 December 2021 over Q3 December 2020.
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