Simplex Castings Limited successfully conducted its Extraordinary General Meeting (EGM) on March 2, 2026, through video conferencing and has now submitted the comprehensive voting results to stock exchanges. The meeting focused on the preferential allotment of equity shares, which received unanimous approval from shareholders.

EGM Proceedings and Leadership

The EGM was chaired by Ketan Moolchand Shah (DIN: 00312343), Whole Time Director and Chairman of the Board, with the meeting conducted from 2:00 PM to 2:25 PM IST. The meeting demonstrated strong leadership presence with comprehensive attendance from the board and key personnel.

Voting Results and Shareholder Participation

The company submitted detailed voting results to BSE Limited and Calcutta Stock Exchange pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The special resolution for preferential allotment of equity shares achieved remarkable success with unanimous shareholder support.

Category-wise Voting Breakdown

The voting results demonstrated strong support across all shareholder categories. Promoter and promoter group shareholders cast 4,042,126 votes representing 97.89% of their total shareholding, while public non-institutional shareholders contributed 3,316 votes.

Scrutinizer Report and Compliance

Meena Naidu from M/s Meena Naidu & Associates, Practicing Company Secretaries, served as the scrutinizer and submitted a comprehensive report confirming the validity of the voting process. The e-voting period commenced on February 27, 2026, at 9:00 AM IST and concluded on March 1, 2026, at 5:00 PM IST, with additional e-voting facilities provided during the EGM.

The company maintained full compliance with regulatory requirements, uploading results on its website www.simplexcastings.com and CDSL platform. Managing Director Sangeeta K Shah (DIN: 05322039) digitally signed all submission documents, ensuring proper documentation and transparency in the corporate governance process.

Simplex Castings Limited announced its comprehensive financial results for the nine months ended December 31, 2025 (9MFY26), reporting exceptional growth driven by strong execution and robust order pipeline. The precision metallurgy company demonstrated significant improvement across key financial metrics while maintaining its strategic focus on infrastructure, railways, and energy sectors.

Outstanding Nine-Month Performance

The company delivered remarkable financial performance for 9MFY26, with revenue reaching ₹148.14 crores compared to ₹104.79 crores in the corresponding period last year. This represents a substantial year-on-year growth of 41.40%, reflecting strong demand across core business verticals.

The company's EBITDA margin stood at 17.90% for 9MFY26 compared to 22.17% in the previous year, while PAT margin was recorded at 10.18% versus 11.02% in 9MFY25. Despite margin compression, the absolute profit growth demonstrates strong operational leverage.

Strategic Growth Initiatives and Market Position

According to Mr. Ketan Shah, Promoter, Chairman and Executive Director, the company remains on track to achieve its stated guidance for FY26. The management highlighted strong demand visibility across core verticals including steel, railways, and thermal power plant segments. Recent achievements include securing high-value trial orders exceeding 500MT from BHEL and other prominent clients like Mazgaon Docks and Gaja Engineering.

The company successfully completed a fund raising initiative, providing financial flexibility to pursue the next phase of growth. This includes plans to re-enter the legacy railway bogies business, where Simplex historically commanded more than 60% market share at its peak.

Fund Raising and Corporate Actions

The Board approved a significant fund raising proposal to issue equity shares worth up to ₹50.15 crores through preferential allotment. The company plans to issue up to 1,015,182 equity shares of face value ₹10 each to non-promoter investors, with major investors including India Emerging Giants Fund Limited and Surya Jagdishchand Gorji.

An Extraordinary General Meeting has been scheduled for March 2, 2026, to be conducted through video conferencing to seek shareholders' approval for the fund raising proposal and other Board-approved matters.

Operational Excellence and Financial Discipline

The management emphasized its commitment to strengthening financial discipline and internal processes. Key initiatives include balance sheet deleveraging, faster cash conversion, and operational streamlining. The company's empanelment on Invoicemart (TReDS) represents a strategic step toward quicker receivable realization at significantly lower cost of funds while avoiding incremental debt.

The company has scheduled a conference call for February 10, 2026, at 4:00 PM IST, led by Arihant Capital, to discuss the financial results and strategic outlook with investors and analysts.