Please find the disclosure for appointment of Mr Palash Singhania as Additional Director Designated as Independent Director with effect from 28th May 2026 subject to approval of shareholder.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings Ltd reported strong FY2025-26 results with total income of Rs. 205.34 crore, up 18.5% from Rs. 173.22 crore in the prior year. Net profit surged 40.5% to Rs. 21.26 crore from Rs. 15.13 crore. The Board approved three key appointments: Mr. Palash Singhania as Additional Director (Non-Executive Independent Director) for 5 years subject to shareholder approval; Mr. Avinash Hariharno elevated from CFO to Additional Director and Whole-Time Director (he will cease to be CFO); and Mr. Rajesh Kumar Acharya appointed as new CFO. Additionally, the company proposed a stock split of 1 share of Rs.10 into 5 shares of Rs.2 each to improve affordability and liquidity. Paid-up capital remains Rs. 8.20 crore. All resolutions will be put to shareholders via postal ballot.
Strong financial performance with profit up 40% provides positive backdrop for the board changes. The CFO-to-director promotion and new CFO appointment signals internal succession planning. The stock split could attract retail participation and improve liquidity. All appointments are subject to shareholder approval.