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

Simplex Castings Ltd. has announced a board meeting to approve the financial results for the quarter and half-year. Mr. Ketan Moolchand Shah has been reappointed as Whole Time Director, Chairman, and CEO for five years, reflecting his 35 years of industry experience and global leadership. The company plans a preferential issue of up to 5.75 lakh equity shares at Rs. 246 each, primarily allotted to promoters and select non-promoters, boosting promoter holding to nearly 39.5%. Financial updates show borrowings around 4,600-4,700 units, trade payables rising, and varying short- and long-term borrowing activity, indicating active capital management.