Please find enclosed herewith the 2nd Corrigendum to the Notice of EGM along with the Updated EGM Notice.
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Simplex Castings has issued a 2nd corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for Monday, 2nd March 2026 at 2:00 PM via video conferencing. The corrigendum rectifies errors in the number of equity shares and corresponding amounts previously mentioned for three proposed allottees (India Emerging Giants Fund Limited, Unseengems Investments & Services, and Arindam Haldar). The main agenda remains the preferential allotment of 10,10,121 equity shares of Rs. 10 each at an issue price of Rs. 494 per share (including a premium of Rs. 484), aggregating to about Rs. 49.90 crore. All shares are being issued to 52 non-promoter allottees. The funds are intended to be used 50% for capital expenditure on expanding shed and fabrication facilities for railway bogies, and 50% for working capital needs related to railway bogies and power sector fabrication work, with deployment expected within 24 months.
The corrigendum is a procedural correction and does not materially change the size or scope of the preferential issue. For shareholders, the proposed Rs. 49.90 crore preferential allotment to non-promoters will result in equity dilution, though the funds are earmarked for capacity expansion and working capital which could support future growth.