Investment28 March 2026 at 01:31 pm
Simplex Castings Ltd. Announces Preferential Allotment of Equity Shares worth ₹20.75 Crores
AI Summary
Simplex Castings Ltd. has announced the allotment of 4,20,043 equity shares on a preferential basis to four applicants. The allotment was approved by the shareholders in the Extra-Ordinary General Meeting held on March 2, 2026, and the BSE Limited. The equity shares, of face value ₹10 each, were allotted at an issue price of ₹494 per share, including a premium of ₹484 per share. The total amount for the allotment is ₹20,75,01,242. The allottees include India Emerging Giants Fund Limited, Priya Amar Shah, Amar Jayantkumar Shah, and Sushil kumar Singh. The equity shares allotted to these investors will be locked in for a period as per the SEBI ICDR Regulations.
Key Highlights
- Simplex Castings Ltd. allotted 4,20,043 equity shares on a preferential basis.
- The allotment was approved by the shareholders and the BSE Limited.
- The equity shares were allotted at an issue price of ₹494 per share, including a premium of ₹484 per share.
- The total amount for the allotment is ₹20,75,01,242.
- The equity shares allotted to the investors will be locked in for a period as per the SEBI ICDR Regulations.