Announced Tue, 8 Sept · 15:31 IST

Simplex Castings gets credit rating upgrade from Infomerics

Board & Shareholder Meetings View source PDF Explain this filing

Price

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▲ 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

+5.4%1-day move

₹102.50

prior close

₹103.90

base price

After-mkt

timing

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-0.5+0.2+0.4-0.6+5.4+9.1+11.7+14.1+12.1+24.8————

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AI summary

Simplex Castings Ltd announced a credit rating upgrade by Infomerics Valuation and Rating Ltd on September 8, 2026. Long term bank facilities upgraded from IVR BB+/Stable to IVR BBB/Stable. Short term bank facilities upgraded from IVR A4+ to IVR A3+. Upgrade based on FY26 audited and Q1FY27 audited performance. Total bank facilities rated at Rs. 72 crore with Kotak Mahindra Bank.

Likely market impact

Positive for shareholders, signals stronger financial profile. May lower borrowing costs and improve lender confidence.