Please find the Postal Ballot Notice dated 28thMay, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings Ltd is seeking shareholder approval via postal ballot (remote e-voting from June 3 to July 2, 2026) for four key matters. The company proposes a stock split - converting each Rs. 10 face value equity share into 5 shares of Rs. 2 each - which will increase outstanding shares from 81.99 lakh to 4.10 crore while maintaining total paid-up capital at Rs. 8.20 crore. The split aims to enhance liquidity and attract retail investors by making shares more affordable. Two director appointments are also on the agenda: Mr. Avinash Hariharno (currently CFO with 26+ years experience) is proposed as Whole-Time Director (Finance) at Rs. 1 lakh monthly salary for 5 years, and Mr. Palash Singhania is proposed as Independent Director for 5 years (requiring special resolution). The MOA capital clause will be updated to reflect the new share structure.
The stock split is positive for retail investors as it lowers entry cost and improves affordability, potentially increasing trading volume and shareholder base. The director appointments strengthen the leadership team with experienced professionals. No change in total company value or individual shareholding percentage occurs due to the split.