Please find the disclosure regarding reappointment of Cost Auditor.
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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% YoY) and net profit of Rs 21.26 crore (up 40.5% YoY). EPS improved to Rs 28.18 from Rs 21.39. The company reappointed M/s Sashi Ranjan & Co. as Cost Auditor for FY2026-27. Key management changes include: Mr Avinash Hariharno stepping down as CFO to become Whole-Time Director (subject to shareholder approval), and Mr Rajesh Kumar Acharya appointed as new CFO. Mr Palash Singhania was appointed as Additional Non-Executive Independent Director. The board also approved a 1:5 stock split - converting Rs 10 face value shares to Rs 2 face value shares - aimed at making the stock more affordable and attracting retail investors. Shareholders' approval via postal ballot is pending for the split and director appointments.
The stock split should improve liquidity and accessibility for retail investors by reducing per-share price. The internal promotion of the CFO to Director level and appointment of a new CFO with 30+ years experience indicates management stability. Strong profitability growth is positive for shareholders.