Simplex Castings Allots Shares & Warrants Worth ₹8.0 Cr

Simplex Castings Ltd. has approved the allotment of 5,94,901 equity shares and 163,809 warrants convertible into equity shares through a preferential issue. The equity shares were allotted at an issue price of ₹105 each, aggregating to ₹6,24,64,605 (₹6.25 Crore). Additionally, 163,809 warrants were allotted at ₹105 each, aggregating to ₹1,71,99,945 (₹1.72 Crore), with 25% upfront payment received. These allotments are to non-promoters. The company stated that there is no change in paid-up equity share capital, shareholding pattern, or control post-allotment. Warrants are convertible within 18 months upon payment of the balance 75% issue price.