Simplex Castings Limited dispatched the notice for its 46th Annual General Meeting and the Annual Report for FY26 to shareholders. The company confirmed compliance with SEBI Listing Regulations regarding electronic communication.

The 46th AGM is scheduled for Wednesday, September 16, 2026, at 3:00 pm. The meeting will be conducted through video conference or other audio-visual means, in accordance with Ministry of Corporate Affairs circulars and the Companies Act, 2013.

Shareholder Communication Details

The company informed shareholders that electronic copies of the AGM notice and annual report are available on its website. This communication was sent to members whose email addresses are not registered with the Registrar and Transfer Agent or Depository Participants.

Shareholders can access the documents at the company's investor relations portal. Physical copies can be requested by writing to the company secretary with folio or DP ID details.

E-Voting Schedule

E-voting for the AGM will follow a specific timeline as disclosed in the notice.

Contact Information

Shareholders wishing to update email or bank details should contact their Depository Participant or the Registrar and Transfer Agent, MUFG Intime India Private Limited. The company maintains offices in Bhilai, Rajnandgaon, and Kolkata.

Simplex Castings Limited reported a 41% year-on-year increase in net profit to ₹21.26 crore for the financial year ended March 31, 2026. Revenue from operations grew by 18% to ₹202.90 crore, reflecting robust execution across its core heavy engineering and fabrication segments.

The Bhilai-based manufacturer achieved these results despite operating in a volatile global environment. The company's profitability was bolstered by improved operational efficiencies, better absorption of fixed costs, and a shift toward higher-value engineering solutions.

Financial Performance

Revenue growth was supported by strong order execution in the steel and heavy engineering sectors. The company saw higher contributions from fabrication and precision engineering solutions, alongside increased demand from domestic industrial customers.

*EBITDA derived from PBT (₹29.28 crore) plus finance costs (₹6.83 crore), depreciation (₹3.72 crore), and exceptional items (₹0.86 crore) less other income (₹2.44 crore). Note: Source explicitly states EBITDA increased but does not provide exact FY25 figure; FY26 EBITDA is explicitly stated as ₹39.82 crore in highlights.

Profit Before Tax (PBT) rose to ₹29.28 crore from ₹19.85 crore in the previous year. The company recorded an exceptional loss of ₹0.86 crore due to the sale of plant and machinery. Tax expenses stood at ₹7.16 crore, resulting in the final net profit figure.

What the Numbers Show

A significant portion of Simplex Castings' balance sheet strength comes from equity financing rather than retained earnings or debt reduction alone. The company raised approximately ₹21.00 crore through two preferential allotments during the year—one in August 2025 and another in March 2026. This capital infusion contributed to a sharp decline in the debt-to-equity ratio, which fell to 0.44 from 1.36 in FY25. While the company reduced long-term borrowings, the primary driver of the improved leverage ratio appears to be the substantial increase in shareholders' equity via fresh share issuance.

Strategic Milestones

FY26 marked a pivotal strategic expansion for Simplex Castings with its entry into the railway sector. The company received approval from the Research Designs and Standards Organisation (RDSO) for railway wagon bogie and cast steel components. This certification allows the firm to participate in India's rapidly growing railway manufacturing ecosystem, significantly expanding its addressable market.

Operational visibility remains strong, with an executable order book exceeding ₹130 crore as of July 2026. The pipeline is driven by demand from steel plants, the power sector, heavy engineering projects, and new railway initiatives. The company maintains an average execution cycle of four to six months, supporting continuous revenue generation.

Balance Sheet and Working Capital

The company focused on strengthening its balance sheet through improved working capital management. Key initiatives included faster receivable realization and the utilization of receivables-backed financing platforms such as TReDS. These measures helped reduce dependence on traditional working capital borrowings while optimizing financing costs.

Current liabilities decreased significantly, contributing to an improved current ratio of 1.97 compared to 1.40 in the prior year. Inventory levels rose to ₹73.19 crore from ₹57.92 crore, indicating potential build-up for upcoming project deliveries or raw material stocking ahead of anticipated demand spikes in the railway and steel sectors.