Please find the Intimation regarding Allotment of Equity Shares on Preferential Basis Dated: 28th August, 2025.
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Simplex Castings Ltd has allotted 2,78,614 equity shares of face value ₹10 each at an issue price of ₹246 per share (including a premium of ₹236 per share) on a preferential basis, raising a total of ₹6.85 crore. The entire allotment was made to a single allotee, Ketan Moolchand Shah, classified as a Promoter. Post-allotment, the company's paid-up share capital rises from ₹7.50 crore (74,95,529 shares) to ₹7.77 crore (77,74,143 shares). The preferential issue was approved by shareholders via special resolution on June 21, 2025, and received BSE in-principle approval on August 20, 2025. The newly allotted shares will be subject to lock-in as per SEBI ICDR Regulations.
The promoter is increasing his stake in the company, signaling confidence from the promoter group. This is a relatively small capital raise (under ₹7 crore) and the shares are locked in, meaning the promoter cannot sell them immediately. Existing shareholders may see a slight dilution (~3.7% increase in share count) but the fresh capital strengthens the company's balance sheet.