Simplex Castings Limited has announced securing a significant order worth Rs 7.26 crore from Bharat Heavy Electricals Limited (BHEL), Varanasi. The company disclosed this development through a press release under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The order encompasses heavy fabrication and castings work for specialized industrial components. The contract includes manufacturing of Mill Side and Liner Assembly for 803 HP Mill, Separator Body Assembly for 803 HP Mill, and Separator Top fabricated and machined items. The order comprises 10 units of each component, manufactured as per BHEL drawings and specifications.

Financial Position and Market Standing

The company currently maintains a market capitalization of Rs 337 crore and has built a robust order book exceeding Rs 100 crore. This latest BHEL order further strengthens the company's financial position and demonstrates consistent order inflow capabilities in the heavy engineering sector.

Railway Segment Developments

The company has identified RDSO approval from the railway segment as a key trigger for future growth. This regulatory approval is expected to open significant opportunities in the railway infrastructure and rolling stock manufacturing sectors, potentially expanding the company's addressable market substantially.

Management Commentary and Strategic Outlook

Mr. Ketan Shah, Promoter, Chairman and Executive Director, expressed confidence in the partnership, stating that this order further strengthens the long-standing relationship with BHEL and reflects their continued trust in the company's manufacturing capabilities and product quality. He emphasized the company's commitment to delivering with consistency and just-in-time precision that customers expect.

The management revealed that Simplex is currently in advanced discussions with several prospective customers, both domestic and international. A number of these potential clients have recently conducted on-site visits to the company's manufacturing facilities in Chhattisgarh. The company believes these engagements have the potential to translate into substantial order inflows in the near to medium term.

Business Impact and Market Position

This order represents a substantial addition to Simplex Castings' order book, strengthening its position in the heavy fabrication and castings segment. The contract with BHEL, a leading public sector enterprise, demonstrates the company's capability to handle complex industrial manufacturing requirements and reinforces its market presence in the power and heavy engineering sectors. The company positions itself as a leading Indian Precision Metallurgy company with global business presence, equipped with modern manufacturing facilities including Cast Iron Foundry and Heavy Engineering & Fabrication Plant.

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.