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. Mr. Ketan Moolchand Shah has been reappointed as Whole Time Director, Chairman, and CEO for five years starting July 2025, subject to shareholder approval. The company plans a preferential issue of up to 575,862 equity shares at Rs. 246 per share, adding promoter and non-promoter investors. Key promoters will increase their holding post-issue. Borrowings stood at 4,603.25 lakh with trade payables and other liabilities also reported. The company’s borrowing activities showed mixed inflows and outflows, with interest payments around Rs. 8.9 crore.