Simplex Castings Ltd — Updates, 30-05-2025: Company Update

Simplex Castings Ltd. has announced a board meeting to consider the financial results for the quarter and half-year. The company reappointed Ms. Meena Naidu Associates as Secretarial Auditor for five consecutive financial years starting 2025-26. Mr. Ketan Moolchand Shah was reappointed as Whole Time Director, Chairman, and CEO for five years from July 2025, pending shareholder approval. The company proposes a preferential issue of up to 575,862 equity shares at Rs. 246 per share to promoters and non-promoters, enhancing promoter holding to 39.49%. Key borrowings stand at Rs. 4,603.25 (unit unspecified), with other current financial liabilities and trade payables noted.