Please find the Intimation regarding Allotment of Equity Shares on Preferential Basis Dated: 28th March, 2026.
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Simplex Castings Ltd has allotted 4,20,043 equity shares at ₹494 per share (face value ₹10, premium ₹484), raising about ₹20.75 crore on a preferential basis. The largest allottee is India Emerging Giants Fund Limited, which subscribed to 4,04,860 shares (₹20 crore) and will hold 4.94% of the company post-allotment. The remaining 15,183 shares went to three individual non-promoter investors. The company's paid-up share capital will increase from ₹7.77 crore to ₹8.19 crore. The allotment was approved by shareholders at an EGM on March 2, 2026, and received BSE in-principle approval on March 16, 2026. The new shares will be locked in as per SEBI ICDR Regulations.
Existing shareholders will see a small dilution of around 5.4% as the equity base expands. The premium pricing (₹494 vs face value ₹10) signals strong investor confidence, and the entry of India Emerging Giants Fund as a significant stakeholder could be viewed positively by the market.