PLEASE FIND THE DISCLOSURE FOR FUND RAISING .
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Simplex Castings Ltd's board approved raising up to ₹14.17 crore by issuing 5,75,862 equity shares on a preferential basis at ₹246 per share (face value ₹10, premium ₹236). Allottees include promoter Ketan Moolchand Shah (3,59,914 shares, taking his holding from 37.64% to 39.49%) and three non-promoter individuals. The board also approved audited FY25 results showing revenue from operations of ₹17,188.36 lakh, up 41% from ₹12,213.05 lakh last year. Net profit surged to ₹1,513.11 lakh from ₹239.20 lakh (over 6x growth), with EPS of ₹21.39 versus ₹3.90. Mr. Ketan Shah was reappointed as Chairman and CEO for 5 years effective July 10, 2025. An EGM has been called for June 21, 2025 to seek shareholder approval for the preferential issue.
The strong FY25 earnings (revenue up 41%, profit up 6x) are positive, but the preferential issue at ₹246 will dilute existing shareholders by about 8%. The promoter's personal participation signals confidence, though non-promoter allottees appear to be known individuals rather than marquee investors.