Simplex Castings Secures ₹7.08 Cr Order from Rashtriya Ispat Nigam

Simplex Castings Limited has announced the receipt of a significant order worth ₹7,08,26,283 (exclusive of GST) from Rashtriya Ispat Nigam Ltd. The order is for Assembly Components, specifically including '137 EA - FLASH PLATE ASSEMBLY' and '53EA - FRAME ASSEMBLY'. The work is expected to be completed within a timeframe of 7-8 months from the issuance of the work or purchase order. This development is disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The company has confirmed that there is no interest from promoters or promoter group companies in Rashtriya Ispat Nigam Ltd., and the transaction does not fall under related party transactions.