Independent Director Shailesh Jain resigned from simplex casting effective June 5, 2026, citing other professional obligations. The resignation was tendered via a letter dated June 5, 2026, and took effect at the close of business hours on the same day. Consequently, Jain has ceased to be a member of the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee of the company.

The Board of Directors recorded its appreciation for the contributions and guidance provided by Jain during his tenure. The company confirmed that there are no material reasons for the resignation other than the professional obligations stated in the letter. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table details the particulars of the change in directorship:

Prior to his resignation, Jain served as a Non-Executive Independent Director. He was a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The company has uploaded the intimation and the resignation letter on its website.

Simplex Castings Ltd reported a robust financial performance for FY26, with consolidated revenue growing approximately 18% to ₹202 crore. Profit after tax (PAT) surged 40.5% to ₹21.26 crore, while EBITDA increased by 20% to ₹37.39 crore, accompanied by margin expansion. The earnings conference call was held on May 29, 2026, and moderated by Merlin Capital Advisors, with key management representatives including Mr. Ketan Shah, Chairman and Executive Director, and Mr. Avinash Hariharno, Director of Finance.

Financial Highlights FY26

Operational and Strategic Updates

Management highlighted the approval received from RDSO to restart the manufacturing of wagon bogies, a product line the company had previously operated until 2019. With a new capacity of 200 to 250 bogies per month, the company is targeting both wagon manufacturers and the direct replacement market for Indian Railways. The realization per bogie set is approximately ₹3.5 lakh.

The company is also developing fabricated bogies for locomotives, passenger coaches, and metros like Vande Bharat. Approximately 50% of the proceeds from a recent preferential issue are being utilized to develop facilities for fabricated bogies. Additionally, Simplex Castings has secured developmental orders for fabricated bogies and is executing prestigious orders from clients such as Thyssen, SMS, and BHEL.

Future Guidance

For FY27, the company targets a revenue of ₹300 crore, comprising ₹200 crore from existing business, ₹50 crore from the casted railway business, and ₹50 crore from the power sector. The company has guided for a capital expenditure of ₹25 crore for FY27, having spent roughly ₹15 crore in FY26. Management aims to maintain margins in the 8-10% range while focusing on execution to support its growth trajectory.