PLEASE FIND THE OUTCOME OF THE BOARD MEETING HELD ON 30TH MAY, 2025
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Simplex Castings' board approved audited results for Q4 and FY25 with an unqualified audit opinion. Revenue from operations rose to ₹171.88 crore from ₹122.13 crore (up ~41%), while profit after tax jumped to ₹15.13 crore from ₹2.39 crore, with EPS climbing to ₹21.39 from ₹3.90. The board cleared a ₹14.17 crore preferential issue of up to 5,75,862 equity shares at ₹246 each (₹10 face value + ₹236 premium), with promoter and Chairman Ketan Shah subscribing the bulk (3,59,914 shares), raising his holding from 37.64% to 39.49%. Mr. Ketan Shah was also re-appointed as Whole Time Director designated Chairman & CEO for five years starting 10 July 2025. Cost, secretarial, and internal auditors were reappointed/appointed for FY26, and an EGM was scheduled for 21 June 2025 to seek shareholder approval.
Strong FY25 earnings — revenue up ~41% and PAT up over 6x — are a clear positive for shareholders, though the preferential issue at a premium will dilute existing holders by roughly 8%. The ₹14.17 crore fundraise signals growth plans or balance sheet strengthening, and continuity at the top with the promoter's stake rising to ~39.5% is a vote of confidence from the promoter group.