Key Decisions and Quantitative Figures

1. Increase in Authorised Share Capital

  • Current Authorised Share Capital: ₹10,00,00,000 (Rupees Ten Crores Only)
  • Current Capital Structure: 5,00,00,000 Equity Shares of ₹2 each
  • Proposed Authorised Share Capital: ₹15,00,00,000 (Rupees Fifteen Crores Only)
  • Proposed Capital Structure: 7,50,00,000 Equity Shares of ₹2 each
  • Requires consequential alteration in the Capital Clause of the Memorandum of Association
  • Subject to shareholders' approval at ensuing Extra Ordinary General Meeting

2. Preferential Issue of Equity Shares

  • Type of Security: Equity Shares
  • Number of Shares: Up to 44,90,791 Equity Shares of face value ₹2 each
  • Issue Price: ₹105 per share (including Premium of ₹103 per share)
  • Total Proceeds: Up to ₹47,15,33,055 (Rupees Forty Seven Crores Fifteen Lakhs Thirty Three Thousand and Fifty Five Only)
  • Allottees: Non-Promoter Investors only
  • Regulatory Framework: Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Subject to approval of regulatory/statutory authorities and shareholders at EGM

3. Preferential Issue of Convertible Warrants

  • Type of Security: Warrants convertible into Equity Shares
  • Number of Warrants: Up to 50,05,195 warrants
  • Conversion Terms: Each warrant convertible into 1 Equity Share of face value ₹2 each
  • Issue Price: ₹105 per warrant (including Premium of ₹103 per warrant)
  • Total Proceeds: Up to ₹52,55,45,475 (Rupees Fifty Two Crores Fifty Five Lakhs Forty Five Thousand Four Hundred and Seventy Five Only)
  • Conversion Period: Within 18 months from date of allotment
  • Conversion can be exercised in one or more tranches
  • Full payment required before exercise of conversion option
  • Allottees: Both Promoter and Non-Promoter Investors
  • Subject to approval of regulatory/statutory authorities and shareholders at EGM

4. Appointment of Director

  • Name: Mr. Urlam Jaya Manmadha Rao (DIN: 09242890)
  • Designation: Additional Director designated as Non-Executive Independent Director
  • Appointment Date: September 23, 2026
  • Term: Five years
  • Qualifications: B.Sc., M.A., MBA (Project Planning & Financial Management), SAS (Railways)
  • Experience: 46 years in public transportation and infrastructure, including 36 years in Indian Railways (IRAS), former MD & CEO of Andhra Pradesh Metro Rail Corporation Ltd.
  • Specialization: Project financing, auditing, governance, served as Deputy Chief Vigilance Officer (CBI/CVC/IB) and Arbitrator
  • Not related to any existing directors as per Section 2(77) of Companies Act, 2013
  • Not debarred from capital markets or from holding director position in any listed company
  • Subject to shareholders' approval

5. Extra Ordinary General Meeting Arrangements

  • EGM Date: Thursday, October 15, 2026
  • Meeting Mode: Through VC/OAVM
  • Cut-off Date: Thursday, October 08, 2026 for determining voting eligibility
  • Scrutinizer: M/s Meena Naidu & Associates, Practicing Company Secretaries
  • Notice will be sent separately to Stock Exchanges and Members
  • Notice will be available on company website (www.simplexcastings.com) and BSE website (www.bseindia.com)

Meeting Logistics

  • Meeting Date: September 23, 2026
  • Commencement Time: 6:00 PM
  • Conclusion Time: 7:15 PM

Financial Impact

  • Total potential fundraising: ₹99,70,78,530 (₹47.15 crore from equity + ₹52.55 crore from warrants)
  • Capital structure impact: Potential dilution through issuance of up to 44,90,791 new shares and conversion of up to 50,05,195 warrants into equity shares
  • Authorized capital increase from ₹10 crore to ₹15 crore to accommodate new issuances

Contingency Provision

In the event of any disqualification, the Board may consider and approve designation of another investor from the existing investor group, subject to necessary approvals and compliance with applicable laws.