Simplex Castings Ltd — Board Meeting, 30-05-2025: Board Meeting

Simplex Castings Ltd. has announced a board meeting to consider the financial results for the quarter and half-year. The company reappointed Mr. Ketan Moolchand Shah as Whole Time Director, Chairman, and CEO for five years starting July 2025, subject to shareholder approval. Mr. Shah brings 35 years of experience and holds degrees in Mechanical Engineering and Business Management. The company plans a preferential issue of up to 575,862 equity shares at Rs. 246 each, allotted to both promoter and non-promoter investors to strengthen equity. Borrowings stood around Rs. 4,603 Cr with trade payables and other liabilities also reported, reflecting ongoing financial structuring.