Please find enclosed the Intimation regarding Reappointment of Internal Auditor of the company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Castings held a board meeting on 7th February 2026 and approved several items. The company reported Q3 FY26 revenue of Rs 4,753.31 lakhs (down from Rs 5,540.97 lakhs in the previous quarter), with net profit of Rs 476.09 lakhs versus Rs 557.77 lakhs in Q2 FY26. For the nine months ended December 2025, revenue grew to Rs 14,814.01 lakhs from Rs 10,478.75 lakhs a year earlier, with net profit rising to Rs 1,507.61 lakhs. The board approved reappointment of M/s M D N & Associates as Internal Auditor for FY 2026-27. Separately, the board cleared a preferential issue of up to 10,15,182 equity shares at Rs 494 each (including Rs 484 premium), aiming to raise approximately Rs 50.15 crore from non-promoter allottees, subject to shareholder approval at an EGM on 2nd March 2026.
The preferential share issuance at Rs 494 per share (a significant premium over face value of Rs 10) will dilute existing shareholders by about 11.55% post-issue and bring in new non-promoter investors, potentially strengthening the balance sheet. Q3 sequential decline in revenue and profit may concern short-term traders, though nine-month performance remains strong with healthy profit growth year-on-year.