Simplex Castings Ltd has fixed July 20, 2026 as the record date for the sub-division of its equity shares, following shareholder approval through a postal ballot process. The split will convert each existing equity share with a face value of ₹10 into five equity shares with a face value of ₹2 each. This corporate action aims to enhance liquidity and make the shares more affordable for investors.

Voting Results Overview

The resolutions were passed with the requisite majority, as detailed in the scrutinizer's report dated July 3, 2026. The voting process, conducted entirely via remote e-voting from June 3 to July 2, 2026, saw strong participation from the promoter group, which held 4,129,126 shares. A total of 4,046,811 votes were polled, representing 49.36% of the outstanding shares. The promoter group accounted for 4,042,126 votes, all cast in favour of the resolutions.

Resolutions Passed

The shareholders approved three ordinary resolutions and one special resolution. The first ordinary resolution authorized the sub-division or split of the company's equity shares. The second ordinary resolution approved the alteration of the capital clause of the Memorandum of Association of the Company. Both resolutions received 4,046,810 votes in favour and one vote against.

Director Appointments

The third ordinary resolution appointed Mr. Avinash Hariharno (DIN: 11689719) as a Whole-Time Director of the Company. This resolution received unanimous approval with 4,046,811 votes in favour and no votes against. The fourth resolution, a special resolution, appointed Mr. Palash Singhania (DIN: 06724674) as an Independent Director of the Company. This resolution also passed with 4,046,811 votes in favour and no votes against.

Procedural Details

The postal ballot process was managed by Meena Naidu & Associates, Company Secretaries, who were appointed as the scrutinizer. The company dispatched the postal ballot notice via email to 3,628 members on May 29, 2026. An advertisement regarding the postal ballot was published in Business Standard and Amrit Sandesh on May 30, 2026. The record date for determining eligibility for the voting process was May 22, 2026, with 4,132 shareholders on record. All votes cast were declared valid, and the resolutions were deemed passed on July 2, 2026.

Simplex Castings Ltd has secured an order worth ₹1,74,71,587 from Hindustan Zinc Limited for the design, fabrication, and supply of a 180 MT SS 304L kettle equipped with lifting lugs. The contract involves the supply of equipment for use in a casting machine, with the work required to be completed within nine months from the issue of the purchase order. The order was intimated to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The order pertains to a domestic entity, Hindustan Zinc Limited. The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity that awarded the order. Furthermore, the transaction does not fall within related party transactions.

The disclosure was made by Sangeeta K Shah, Managing Director of Simplex Castings Ltd, on June 30, 2026.