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Simplex Castings Limited's Long-Term Bank Facilities of ₹50.00 Cr were downgraded by Care Ratings from CARE B/Stable to CARE C/Stable, with Short-Term facilities withdrawn. Care cited a single-day delay in a specific debt payment not rated by them. The company clarified this was a technical glitch during a credit limit transfer, confirming no defaults to any financial institutions in recent fiscal years. Simplex Castings maintains its active CRISIL BB/Stable Long-Term and CRISIL A4+ Short-Term ratings. Confident in its improved financial performance, including a 40% operating income growth in FY25, and robust capital structure, the company has applied for CARE rating withdrawal.