Simplex Castings postal ballot: stock split and 2 director appointments approved
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Castings got shareholder approval via postal ballot for all 4 resolutions. Items approved: sub-division or split of equity shares, alteration of the Capital Clause of the Memorandum of Association, appointment of Mr. Avinash Hariharno as Whole-Time Director, and appointment of Mr. Palash Singhania as Independent Director. About 49.36% of outstanding shares voted, with nearly 100% in favour on every resolution. Promoter group voted fully in favour.
Stock split could improve share liquidity and affordability. Two new directors join the board. All resolutions passed with overwhelming majority, showing strong shareholder support.