Announced Fri, 3 Jul · 11:04 IST
Postal ballot results: 4 resolutions passed including share split
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹527.00
prior close
₹529.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0——+0.0+3.4+2.3-0.0-0.2-1.9+2.8————
Up moveDown movePending
AI summary
Simplex Castings completed a postal ballot with all 4 resolutions approved by members. Resolutions include sub-division or split of equity shares, alteration of capital clause in MOA, appointment of Mr Avinash Hariharno as Whole-Time Director, and Mr Palash Singhania as Independent Director. Of 8.2 million total shares, about 4.05 million voted (49.36 percent), with over 99.97 percent in favor across all resolutions.
Likely market impact
Share split approved which may improve liquidity and lower price per share. Two new directors appointed. No meaningful opposition from shareholders.