Simplex Castings authorizes KMPs for disclosures
Following the resignation of Company Secretary and Compliance Officer Ms. Sakshi Jain effective June 1, 2026, Simplex Castings Limited has authorized its Key Managerial Personnel—Managing Director Sangeeta K Shah, Whole Time Director Ketan Moolchand Shah, Additional and Whole Time Director Avinash Hariharno, and CFO Rajesh Kumar Acharya—to determine the materiality of events and make disclosures to stock exchanges under Regulation 30(5) of SEBI LODR Regulations, 2015.
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Simplex Castings Limited has authorized its Key Managerial Personnel (KMP) to determine the materiality of events and make disclosures to stock exchanges following the resignation of its Company Secretary and Compliance Officer, Ms. Sakshi Jain. The authorization, effective June 1, 2026, was communicated to BSE Limited and Calcutta Stock Exchange under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board of Directors has designated four senior officials to handle these responsibilities. This step ensures compliance with regulatory requirements for timely and accurate disclosures to the exchanges after the departure of the previous compliance officer.
Authorized Personnel
The following KMPs are now authorized to determine materiality and make disclosures:
| Name | Designation |
|---|---|
| Sangeeta K Shah | Managing Director |
| Ketan Moolchand Shah | Whole Time Director |
| Avinash Hariharno | Additional and Whole Time Director |
| Rajesh Kumar Acharya | Chief Financial Officer |
Ms. Jain resigned from her positions effective the close of business hours on June 1, 2026, to pursue other career opportunities. The company confirmed there were no other material reasons for her departure. The intimation regarding her resignation was submitted pursuant to Regulation 30 read with sub-para 7 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Simplex Casting
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.41% | +4.50% | +11.57% | -8.28% | +65.03% | +2,320.76% |
What is the timeline for appointing a permanent Company Secretary and Compliance Officer?
How might the distribution of compliance duties among senior executives impact operational efficiency?
Will the company implement any interim changes to internal governance protocols during this transition?
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