Simplex Realty jumps on getting nod to incorporate wholly owned subsidiary
Simplex Realty is currently trading at Rs. 209.80, up by 17.70 points or 9.21% from its previous closing of Rs. 192.10 on the BSE.
The scrip opened at Rs. 209.80 and has touched a high and low of Rs. 209.80 and Rs. 209.80 respectively. So far 1 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.00 on 29-Aug-2024 and a 52 week low of Rs. 145.00 on 27-May-2024.
Last one week high and low of the scrip stood at Rs. 209.80 and Rs. 180.15 respectively. The current market cap of the company is Rs. 62.76 crore.
The promoters holding in the company stood at 54.91%, while Institutions and Non-Institutions held 15.08% and 30.02% respectively.
Simplex Realty has received approval for the incorporation of a wholly owned subsidiary (WOS) of the company by name ‘Simplex Dream Homes’/LLP or any other name as may be approved by the Registrar of Companies. The said WOS will be incorporated to carry on the business as builders, real estate developers and general construction contractors, for new projects and partnerships in regards to development of projects. The Board of Directors of the company at its meeting held on May 21, 2025, inter-alia, considered and approved the same.
Simplex Realty is engaged in the business of construction and property development.
