Please find the Intimation regarding Allotment of Equity Shares on Preferential Basis Dated: 31st March, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings has allotted 5,061 fully paid-up equity shares of face value ₹10 each at an issue price of ₹494 per share (including a premium of ₹484 per share), aggregating to ₹25,00,134. The shares were allotted to a single non-promoter investor, Abhishek Danbhadur Singh, on a preferential basis. The allotment was approved by shareholders at an EGM on March 2, 2026, and received BSE in-principle approval on March 16, 2026. Post-allotment, the investor will hold 5,061 shares representing 0.06% of the company's paid-up equity capital. The paid-up share capital rises marginally from ₹8.19 crore to ₹8.20 crore.
The preferential issue is very small in size (just ₹25 lakhs) with negligible dilution (0.06%), so it is unlikely to have any meaningful impact on existing shareholders or the stock price. The allotment to a single non-promoter individual at a steep premium over face value suggests a closely-held transaction rather than a broad capital raise.