Simplex Castings Ltd: Board Approves Capital Increase & Fundraise

Simplex Castings Ltd's Board of Directors met on September 23, 2026, approving a significant increase in the company's authorized share capital from Rs. 10 Crores to Rs. 15 Crores. The board also greenlit a preferential issue of equity shares and warrants to non-promoter and promoter/non-promoter investors, respectively. The equity share issuance aims to raise up to Rs. 47.15 Crores at Rs. 105 per share, while the warrants issue could raise up to Rs. 52.55 Crores at Rs. 105 per warrant. These proposals are subject to shareholder and regulatory approvals. Additionally, Mr. Urlam Jaya Manmadha Rao was appointed as an Additional Director (Non-Executive Independent) for five years.