Please find the disclosure regarding stock split of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings board has approved a 1:5 stock split converting each Rs. 10 share into five Rs. 2 shares, pending shareholder approval via postal ballot. The company's FY2025-26 revenue grew 18.6% year-on-year to Rs. 205.34 crore, while net profit jumped 40.5% to Rs. 21.26 crore. EPS improved from Rs. 21.39 to Rs. 28.18. Finance costs declined by 23% to Rs. 6.83 crore, and total borrowings were reduced significantly. The split aims to make shares more affordable and improve liquidity for retail investors. Paid-up capital will increase from 81,99,247 to 4,09,96,235 shares post-split, while the total value remains unchanged at Rs. 8.20 crore.
The stock split is positive for retail investors as it reduces per-share price, potentially improving accessibility and trading volume. Strong profit growth and reduced debt indicate improving fundamentals.