Simplex Castings Ltd — Important, 28-05-2026: Company Update

Simplex Castings' board has announced the audited financial results for the quarter and year ended March 31, 2026. Key decisions include a 1-for-5 stock split, converting each Rs. 10 share into five Rs. 2 shares, aiming to boost retail investor participation and liquidity. The company also reappointed its cost auditor and made several leadership changes: Mr. Palash Singhania appointed as an Independent Director, Mr. Avinash Hariharno as a Whole-Time Director (stepping down as CFO), and Mr. Rajesh Kumar Acharya as the new CFO. These corporate actions, including a consequential alteration to the Memorandum of Association, await shareholder approval. An exceptional loss of Rs. 0.859 Cr from asset sales was reported. The company's paid-up share capital remains at Rs. 8.20 Cr post-split.