Regulatory3 Nov 2026, 06:24 pm
Simplex Castings Gets BSE In-Principle Approval for Preferential Issue
AI Summary
Simplex Castings Ltd has received in-principle approval from BSE Limited for a preferential issue. The approval covers the issuance of 44,90,791 equity shares and 50,05,195 warrants convertible into equity shares, both at a price not less than Rs. 105/- each. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions before allotment. The company must comply with all SEBI and Companies Act regulations and file for listing within twenty days of allotment.
Key Highlights
- BSE grants in-principle approval for preferential issue.
- Issue includes equity shares and convertible warrants.
- Allotment price set at a minimum of Rs. 105 per share.
- Company advised to enhance internal controls and obtain undertakings.
- Strict compliance with SEBI and regulatory norms required.
Price Impact
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