PLEASE FIND THE DISCLOUSRE REQUIRED UNDER REGULATION 30 OF SEBI (LODR) REGULATION , 2015 REGARDING REAPPOINTMENT OF MR KETAN M SHAH, WHOLE TIME DIRECTOR OF THE COMPANY.
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Simplex Castings reported strong FY25 results with revenue from operations of ₹171.88 crore (up ~41% YoY from ₹122.13 crore) and net profit of ₹15.13 crore (up over 6x from ₹2.39 crore in FY24). EPS jumped to ₹21.39 from ₹3.90. The board reappointed Mr. Ketan M Shah as Whole-time Director designated as Chairman and CEO for another five years (July 10, 2025 to July 9, 2030). The board also approved a preferential issue of up to 575,862 equity shares at ₹246 each (including ₹236 premium) to raise about ₹14.17 crore, with promoter Ketan Shah subscribing to 359,914 shares (taking his stake from 37.64% to 39.49%). An EGM has been called for June 21, 2025 to seek shareholder approval. Statutory auditor M/s Harsh Jain & Associates issued an unmodified opinion on the FY25 financials.
Sharp profit growth and continued promoter-led leadership are positives for shareholders, but the preferential allotment at a premium will result in mild dilution for existing non-promoter investors. Overall, the combination of strong earnings, continuity at the top, and fresh capital from the promoter signals confidence in the business.