Corporate Action12 Nov 2026, 10:01 pm
Simplex Castings Allots Equity Shares & Warrants Worth ₹18.69 Cr
AI Summary
Simplex Castings Ltd. announced the allotment of 10,53,312 equity shares at ₹105 each, aggregating to ₹11,05,97,760 (₹11.06 Crore), and 7,26,809 warrants at ₹105 each, aggregating to ₹7,63,14,945 (₹7.63 Crore), on a preferential basis to non-promoter entities. The company received an upfront payment of ₹1,90,78,736.25 (₹1.91 Crore) for the warrants, which are convertible into equity shares within 18 months. This move aims to raise capital and strengthen the company's financial position.
Key Highlights
- Allotment of 10.53 lakh equity shares at ₹105/share.
- Allotment of 7.27 lakh warrants at ₹105/warrant.
- Total preferential issue value is ₹18.69 Crore.
- Allotments are to non-promoter category entities.
- Warrants are convertible into equity within 18 months.
Price Impact
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