Please find the statement for the Quarter ended March 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings Ltd confirms no deviation in the use of proceeds raised through preferential issue of equity shares. The company raised Rs 21 crore in total (Rs 20.75 crore on 28 March 2026 and Rs 0.25 crore on 31 March 2026) through allotment of 4,25,104 equity shares. This was within the approved limit of Rs 49.90 crore. The funds are intended for working capital requirements and railway bogies/power sector fabrication work. Of the Rs 20.75 crore received, Rs 4.75 crore was utilized in the quarter. The Audit Committee reviewed and confirmed no comments on the utilization.
No deviation in fund usage indicates proper governance and adherence to stated objectives. The partial utilization (Rs 4.75 crore of Rs 20.75 crore) is normal as working capital and project deployment takes time.