Simplex Castings has announced the cessation of Mr. Champak Kalyanji Dedhia as an Independent Director, effective from the close of business hours on July 31, 2026. The change in board composition follows the completion of his second term of office. This development marks a significant governance transition for the company, as Mr. Dedhia held chairmanship roles across all four key statutory committees.

The Board of Directors has placed on record its appreciation for the guidance and services rendered by Mr. Dedhia during his association with the company. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular ref nos.: SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI/HO/CFD/CFDPoD-2/CIR/P/2024/185 dated December 31, 2024.

Mr. Dedhia’s departure creates vacancies in the leadership of several critical oversight bodies. As a Non-Executive, Independent Director, he served as the Chairman of the following board committees:

The company has notified both the BSE Limited (Scrip Code: 513472) and the Calcutta Stock Exchange (Scrip Code: 29066) regarding this change. The requisite disclosure details were enclosed as ‘Annexure-A’ to the intimation letter signed by Sangeeta Ketan Shah, Managing Director.

Governance Implications

The simultaneous loss of chairmanship across the Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility committees represents a concentrated shift in oversight responsibility. The company will need to appoint new Chairmen for these committees to ensure continued regulatory compliance and effective board functioning. Investors should monitor subsequent filings for the appointment of successors to these critical roles.

Simplex Castings Limited reported its order book has crossed ₹130 crore during the first quarter of FY27, driven by sustained demand from the steel and power sectors. The company serves as the official fabrication partner for Steel Authority of India Limited (SAIL), reinforcing its position in executing technically complex assignments. This development provides healthy revenue visibility for the coming quarters, with an execution period of 4-6 months for the current orders.

The order pipeline is supported by opportunities for larger-value and higher-grade engineering and fabrication orders. Simplex Castings continues to receive recurring orders from established domestic and global customers, including SMS group, Hindustan Zinc, Thyssenkrupp, and BHEL. With investments and capacity additions gaining momentum across India's steel and power sectors, the company is positioned to participate in larger projects requiring specialised engineering and manufacturing capabilities.

Key Operational Metrics

Management Commentary

Ketan Shah, Chairman and Executive Director, stated that the strong revenue growth recorded during Q1 FY27, alongside a stable margin profile and an order book exceeding ₹130 crore, reflects the improving scale and execution capabilities of the company. He highlighted the association with SAIL and continued orders from reputed customers as key drivers for future opportunities. The company remains focused on securing larger and technically advanced orders from the steel and power sectors while maintaining execution discipline and operating efficiency.