Simplex Castings Annual General Meeting
Simplex Castings Ltd issued notice for an EGM on October 15, 2026, to approve a preferential issue of Rs. 47.15 Crore.
- Value
- ₹47.15 Cr
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Simplex Castings Ltd issued notice for an EGM on October 15, 2026, to approve a preferential issue of Rs. 47.15 Crore.
Simplex Castings Limited has appointed Mr. Urlam Jaya Manmadha Rao as a Non-Executive Independent Director. He brings extensive leadership experience in infrastructure and public transportation.
Simplex Castings' board approved a preferential issue of equity shares and warrants aggregating to Rs. 99.71 Crore to raise funds for the company.
Simplex Castings scheduled a board meeting on 23 September 2026 to consider raising funds through new equity shares or convertible warrants. No amount is specified.
Simplex Castings Ltd held its 46th Annual General Meeting on September 16, 2026. Proceedings covered standard agenda items, including financial statement adoption and board appointments.
Infomerics upgraded Simplex Castings' long-term bank facility rating to IVR BBB/Stable and short-term to IVR A3+. The one-notch upgrade signals improving creditworthiness for investors.
Simplex Castings delivered strong Q1 FY27 growth, with revenue up 35% and PAT up 45% YoY. Management is shifting toward higher-margin, faster-cycle products in railways, defense, and shipbuilding to optimize working capital.
Simplex Castings delivered strong Q1FY27 results with 35% revenue growth and 45% PAT growth. Management is executing a strategic pivot toward high-margin sectors like Railways and Defence.
Simplex Castings Ltd reported revenue from operations of ₹60.9 Cr (+34.7% YoY) and net profit of ₹6.9 Cr (+46.8% YoY) for Q1 FY27.