please find the Scrutinizer Report .
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Castings held an Extra-Ordinary General Meeting (EGM) on June 21, 2025, conducted via video conferencing. Two special resolutions were put to vote: (1) issuance and allotment of equity shares to promoters and non-promoters on a preferential basis, and (2) re-appointment of Mr. Ketan Moolchand Shah as Whole Time Director designated as Chairman and CEO. Both resolutions were passed with overwhelming shareholder approval, receiving 99.80% votes in favour (10 members, 2,449 votes) and only 0.20% against (1 member, 5 votes). Cut-off date for voting eligibility was June 14, 2025. The scrutinizer noted 4 members with 36,82,172 shares as invalid votes. The report was submitted by Meena Naidu & Associates on June 23, 2025.
The approvals enable the company to proceed with a preferential equity allotment to promoters and non-promoters, which could dilute existing shareholders but also bring in fresh capital. The re-appointment of Mr. Ketan Shah as Chairman & CEO ensures leadership continuity. Both resolutions were passed with near-unanimous support, indicating strong shareholder confidence.