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Simplex Castings will hold an Extra-Ordinary General Meeting for shareholders to consider a preferential issue of 1,015,182 equity shares. This move aims to raise approximately 50.15 Cr to fund capital expenditure for expanding shed facilities and adding bogie fabrication capabilities, alongside meeting working capital needs for railway bogies and power sector fabrication. The issuance, priced at Rs. 494 per share, will increase non-promoter shareholding, though without altering the company's management control. This capital infusion is crucial for business expansion and operational liquidity.