Simplex Castings Ltd — Important, 28-03-2026: Company Update

The company has successfully allotted 1 million equity shares on a preferential basis, raising Rs. 15 crore at an issue price of Rs. 150 per share. This capital infusion is crucial for funding the company's business expansion plans and meeting working capital needs. Consequently, the company's paid-up equity share capital has increased from Rs. 5 crore to Rs. 6 crore. This strategic move strengthens the balance sheet, providing essential growth capital for future initiatives.