Please find the Proceedings of the EGM.
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Simplex Castings held its first EGM of FY2025-26 on 21st June 2025 via video conferencing (CDSL platform), lasting only 10 minutes (2:00 PM to 2:10 PM). Two special resolutions were put to vote: (1) Preferential allotment of equity shares to promoter and non-promoter groups, and (2) Re-appointment of Mr. Ketan Moolchand Shah (DIN: 00312343) as Whole Time Director designated as Chairman and CEO. The meeting was chaired by Mr. Ketan Shah, with all six directors, the CFO, Company Secretary, statutory auditor, and scrutinizer present. Mrs. Meena Naidu was appointed as scrutinizer for the e-voting process, and consolidated voting results were to be filed with BSE within 48 hours.
The preferential allotment of equity shares to promoter and non-promoter parties will dilute existing shareholders' stakes but bring fresh capital into the company. The re-appointment of Mr. Ketan Shah as Chairman & CEO ensures leadership continuity. Both resolutions required special resolution approval, indicating material decisions; investors should watch for the voting results to gauge shareholder sentiment.