Simplex Castings Ltd

Resolutions

• Ordinary: increase in authorised share capital and MOA amendment; outcome not disclosed.
• Special: issue 44,90,791 equity shares on preferential basis to non-promoter category; outcome not disclosed.
• Special: issue of 50,05,195 warrants convertible into equity on preferential basis to promoter/non-promoter category; outcome not disclosed.
• Special: appoint Urlam java Manmadha Rao as independent director for five years from 23 Sept 2026.

Impact on shareholding

• Post-resolution shareholding details not provided.

Use of funds / rationale

• Utilisation of funds or strategic use not disclosed.

Governance / management changes

• Governance: appointment of Urlam java Manmadha Rao as independent director for five-year term.

Capital changes & purpose

• Authorized share capital to Rs 15 crore, subject to shareholders' approval.
• Object: fundraise via preferential equity and warrants, with EGM approvals.
• MOA/AOA capital clause to be amended accordingly.

Equity issue details

• Up to 44,90,791 equity shares at Rs 105 per share.
• Aggregate value up to Rs 47,15,33,055.
• Non-promoter investors; price includes Rs 103 premium.
• Regulatory approvals and member approval at EGM required.

Warrant issue details

• Up to 50,05,195 warrants convertible into equity shares.
• Conversion: 1 warrant = 1 equity share; 18-month window.
• Issue price Rs 105 per warrant; up to Rs 52,55,45,475.
• Warrants cash-based; conversion requires full warrant price prior to exercise.
• Conversion may occur in one or more tranches within 18 months.

Allottees & timing

• Equity allottees: 18 non-promoter investors; names in Annexure A.
• Warrant allottees: 39 total; promoter Ketan Shah plus 38 non-promoters.
• EGM date: 15 October 2026; cut-off date: 8 October 2026.

Approvals & governance

• EGM and regulatory approvals required for the preferential issues.
• Scrutinizer appointed for e-voting: Meena Naidu & Associates.
• Appointment of Urlam Jaya Manmadha Rao as Independent Director.

Other material provisions

• In case of disqualification, board may designate another investor from existing group.

Meeting Details

• Date: 29 September 2026; Plant Visit and Analyst Interaction; Location: Bhilai, Tedesara Chattisgarh.

Participants

• Attendees: Buy Side Funds and Family Offices; Company officials to participate.

Purpose

• Purpose: Plant Visit and Analyst Interaction with Merlin Capital Advisors.

Additional Notes

• Schedule may change.

Meeting Details

• Date: 23 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider raising funds via issuance of new equity shares or convertible securities/warrants, subject to approvals.
• Discuss any other matter as per meeting agenda.

Other Notes

• Information to be posted on company website; no trading window details provided.

Simplex Castings Ltd – Closure of Trading Window from 1 October 2026 till 48 hours after the announcement of Unaudited financial results for the Quarter and Half Year ending 30 September 2026 to the Public.

AGM Details

• AGM held on 16 September 2026 via VC/OAVM.
• Record date: 09 September 2026; on-record shareholders: 7,321.
• Attendance: Promoter group 3; Public 38 joined via video.
• Total resolutions passed: 6.

Key Resolutions and outcomes

• Item 1: Adoption of audited financial statements for year ended 31 March 2026; passed.
• Item 2: Re-appointment of director Sajal Kumar Ghosh by rotation; passed.
• Item 3: Appointment of statutory auditor to fill casual vacancy; passed.
• Item 4: Appointment of statutory auditor; passed.
• Item 5: Ratification of remuneration to cost auditor; passed.
• Item 6: Appointment of Mrs Smita Thakur as Independent Director for five years; passed.

Directors and Auditors changes

• Sajal Kumar Ghosh re-appointed by rotation as director.
• Smita Thakur appointed as Independent Director for five years.
• Statutory auditor appointed to fill casual vacancy.
• Statutory auditor appointment approved.
• Cost auditor remuneration ratified.

AGM details

• AGM held on 16 September 2026 at 3:00 PM via VC/OAVM.
• Meeting concluded at 3:27 PM; quorum confirmed.
• Chairman: Mr. Avinash Hariharno; remote e-voting 13–15 September 2026.

Resolutions put to vote

• Item 1 (Ordinary): Adopt audited financial statements for year ended 31 March 2026.
• Item 2 (Ordinary): Re-appointment of Sajal Kumar Ghosh by rotation.
• Item 3 (Ordinary): Appointment of Statutory Auditor to fill casual vacancy.
• Item 4 (Ordinary): Appointment of Statutory Auditor.
• Item 5 (Ordinary): Ratification of remuneration to Cost Auditor.
• Item 6 (Special): Independent Director Smita Thakur appointed for five years from 18 June 2026.

Voting results status

• Voting results to be declared within two working days after AGM.
• Final results to be filed with exchanges and on company website by Sept 18, 2026.

Audit and governance notes

• Statutory and Secretarial audit reports had no qualifications.

Rating Action & Instruments

• Long-term bank facilities upgraded to IVR BBB/Stable from IVR BB+/Stable.
• Short-term bank facilities upgraded to IVR A3+ from IVR A4+.
• Issuer: Simplex Castings Ltd; Agency: Infomerics Valuation and Rating Ltd.
• Rating letter dated 8 September 2026 communicates upgrade.

Outlook & Validity

• Outlook: Stable.
• Validity: about one year to Sept 06, 2027.

Rationale

• Rationale for upgrade not disclosed in this excerpt.

Material Change Since Last Rating

• Last rating upgraded from IVR BB+/Stable to IVR BBB/Stable.

Financial Highlights Mentioned

• FY26 and Q1FY27 performance referenced but no figures provided.

Documented Communication

• Infomerics communication dated 8 September 2026.