Simplex Castings Ltd. has successfully completed the allotment of 4,20,043 equity shares on a preferential basis, raising ₹20,75,01,242 from four non-promoter investors. The Board of Directors approved the allotment through circular resolution dated March 28, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Share Allotment Details

The equity shares were issued at ₹494 per share, including a premium of ₹484 per share over the face value of ₹10 each. The allotment was distributed among four non-promoter investors as detailed below:

Regulatory Approvals and Compliance

The preferential issue received necessary approvals from shareholders through a Special Resolution passed in the Extra-Ordinary General Meeting held on March 2, 2026. BSE Limited granted in-principle approval for the issue through its letter dated March 16, 2026. The company will apply for listing and trading approval of the newly allotted equity shares in due course, ensuring compliance with applicable laws.

Impact on Share Capital

Following the allotment, Simplex Castings' paid-up share capital has increased significantly:

The newly allotted equity shares will rank pari-passu with existing equity shares in all respects. As per SEBI ICDR Regulations, the allotted shares will remain locked-in for the specified period under Chapter V of the regulations.

Investor Composition

India Emerging Giants Fund Limited emerged as the primary investor, acquiring 4,04,860 shares representing 4.94% of the post-allotment equity capital. The three individual investors - Priya Amar Shah, Amar Jayantkumar Shah, and Sushil kumar Singh - each received equal allocations of 5,061 shares, representing 0.06% each of the enlarged share capital.

The successful completion of this preferential allotment strengthens Simplex Castings' capital base and provides the company with additional resources for its business operations and growth initiatives.

Simplex Castings has announced a significant boost to its order book with new contracts worth ₹41.38 crores from major industrial clients. The company secured these orders from prominent players including BHEL, ThyssenKrupp, and SMS, demonstrating its strong market position in the casting industry.

Order Book Enhancement

The new order wins have substantially strengthened the company's business pipeline, with the total order book now standing at ₹61.98 crores. The execution of these orders is scheduled to be completed by March 2026, providing revenue visibility for the company over the next period.

Strategic Client Diversification

The order wins reflect Simplex Castings' ability to secure business from a diverse range of industrial clients. The client portfolio includes BHEL, a major public sector enterprise in the power and infrastructure sector, along with international players ThyssenKrupp and SMS, showcasing the company's capability to serve both domestic and global industrial requirements.

Business Outlook

With the enhanced order book position, Simplex Castings has established a solid foundation for revenue generation through March 2026. The diversified client base across different industrial segments provides stability and reduces dependency on any single customer or sector.