Please find enclosed herewith the Corrigendum to the Notice of the EGM along with the Updated EGM Notice.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Castings Ltd has issued a corrigendum to its earlier EGM notice dated 7 February 2026 (EGM scheduled for 2 March 2026 via video conferencing). The proposed preferential issue size was reduced to about Rs. 49.9 crore (Rs. 49,89,99,774) for 10,10,121 equity shares at Rs. 494 per share, down from a previously larger size. The number of proposed allottees was trimmed from 53 to 52 after one individual allottee (Prasanna Huddar) was deemed ineligible under SEBI's ICDR Regulation 159(1). The relevant date for pricing was corrected from 31 January 2026 to 30 January 2026 because the former fell on a weekend. One name was also changed from an individual allottee to a partnership firm, and a pre-holding disclosure for one allottee was added. The EGM seeks shareholder approval for this preferential equity allotment to non-promoter allottees.
Existing shareholders face likely equity dilution from over 10 lakh new shares being issued at a premium, though the fundraising size has been pared down slightly in this revised notice. The corrigendum is largely procedural and compliance-driven, so the underlying capital-raising agenda remains in place pending shareholder approval on 2 March 2026.