Please find the Disclosure for Appointment of Mr Avinash Hariharno Chief Financial officer as Additional Director designed as Executive Director with effect from 28th May , 2026 subject ....
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Simplex Castings Ltd's board meeting on May 28, 2026 approved multiple changes. CFO Mr. Avinash Hariharno has been promoted to Additional Director and Whole-Time Director, and will cease holding the CFO position. Mr. Rajesh Kumar Acharya (30+ years experience in steel, power, and manufacturing sectors) has been appointed as the new CFO. Additionally, Mr. Palash Singhania (Certified Financial Planner with 11+ years experience) was appointed as Non-Executive Independent Director. The company also announced a stock split: 1 share of Rs. 10 face value will be split into 5 shares of Rs. 2 face value to improve affordability and retail participation. For FY2026, total income rose to Rs. 20,533.83 Lakhs (up 18.5% from Rs. 17,322.11 Lakhs), with profit after tax of Rs. 2,125.91 Lakhs (up 40.5% from Rs. 1,513.11 Lakhs). EPS improved from Rs. 21.39 to Rs. 28.18.
The CFO transition and new independent director appointment strengthen governance. The stock split makes shares more accessible to retail investors and should improve liquidity. Strong financial growth (40% profit increase) is positive for shareholders.