Please find the Intimation regarding Allotment of Equity Shares on Preferential basis.
Price
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Awaiting price reaction for this filing.
Simplex Castings has allotted 2,97,248 equity shares of face value ₹10 each at a price of ₹246 per share, raising approximately ₹7.31 crores on a preferential basis. The shares were allotted to four investors — one promoter (Ketan Moolchand Shah, 81,300 shares) and three non-promoters (Meghana Premal Shah, Nikita Sanjay Jain, and Nidhi Naresh Nandu). The issue price includes a premium of ₹236 per share, and the new shares will rank equally with existing equity shares subject to SEBI lock-in rules. The company's paid-up share capital will rise from ₹7.20 crores (71,98,281 shares) to ₹7.50 crores (74,95,529 shares). The allotment was approved by shareholders at an EGM on June 21, 2025, received BSE in-principle approval on August 20, 2025, and was finalised by the board on August 26, 2025.
The preferential allotment at a steep premium (₹236 above face value) brings in ₹7.31 crores of capital and signals promoter/family commitment, but it will cause minor equity dilution (about 4.1% expansion of share count). The shares are subject to lock-in, and the company will now apply for trading approval from BSE.