Please find the outcome of the Board Meeting held on 28th May,2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings reported strong FY26 results with revenue growing 18% to Rs 20,290.29 Lakhs and profit after tax rising 40% to Rs 2,125.91 Lakhs compared to FY25. EPS improved from Rs 21.39 to Rs 28.18. The board also approved a 1-for-5 stock split converting Rs 10 face value shares into Rs 2 shares to improve affordability and liquidity. Key management changes include: Mr Avinash Hariharno promoted from CFO to Whole-time Director; Mr Rajesh Kumar Acharya appointed new CFO; Mr Palash Singhania appointed as Non-Executive Independent Director. Borrowings were significantly reduced with long-term debt dropping from Rs 3,105 Lakhs to Rs 1,489 Lakhs. All proposals require shareholder approval via postal ballot.
Strong financial performance with 40% PAT growth and debt reduction signals operational improvement. Stock split will make shares more affordable for retail investors and could boost liquidity. Management transition from CFO to Director role requires shareholder approval.