Please find the disclosure for appointment of Mr Rajesh Kumar Acharya as Chief Financial officer of the Company.
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Simplex Castings Ltd held its Board Meeting on May 28, 2026, approving multiple key decisions. The company reported strong FY2026 results with revenue of Rs. 20,290.29 Lakhs (up 18% YoY) and profit before tax of Rs. 2,841.64 Lakhs (up 43% YoY). EPS improved to Rs. 28.18 from Rs. 21.39. Mr. Rajesh Kumar Acharya was appointed as the new CFO, succeeding Mr. Avinash Hariharno who transitioned to the role of Additional Director and Whole-Time Director (subject to shareholder approval). The board also approved a stock split where 1 share of Rs. 10 face value will be split into 5 shares of Rs. 2 face value, pending shareholder approval via postal ballot. Additionally, Mr. Palash Singhania was appointed as an Additional Non-Executive Independent Director for 5 years.
The CFO transition and stock split are positive developments. The internal promotion of Mr. Hariharno to Whole-Time Director suggests confidence in the leadership team, while the stock split aims to improve affordability and liquidity for retail investors. The strong financial performance with 43% profit growth provides a solid foundation.