Key Quantitative Figures

Equity Shares Allotment:

  • Number of shares allotted: 10,53,312 equity shares
  • Face value: ₹2 per share
  • Issue price: ₹105 per share (including premium of ₹103)
  • Total consideration: ₹11,05,97,760 (₹110.6 crore)
  • Number of allottees: 18 entities/individuals
  • Allottee category: Non-Promoter

Warrants Allotment:

  • Number of warrants allotted: 7,26,809 warrants
  • Warrant issue price: ₹105 per warrant
  • Total issue size: ₹7,63,14,945 (₹76.3 crore)
  • Warrant subscription price (25% upfront): ₹26.25 per warrant
  • Amount received upfront: ₹1,90,78,736.25 (₹1.91 crore)
  • Warrant exercise price (75% balance): ₹78.75 per warrant
  • Number of allottees: 13 entities/individuals
  • Allottee category: Non-Promoter

Dates of Action

  • Extra-Ordinary General Meeting approval: October 15, 2026
  • BSE in-principle approval: November 3, 2026
  • Board circular resolution date: November 12, 2026
  • Warrant conversion period: Within 18 months from date of allotment

Parties Involved

  • Regulatory authority: BSE Limited
  • Approving body: Board of Directors of Simplex Castings Limited
  • Allottees: 18 entities/individuals for equity shares, 13 entities/individuals for warrants (all Non-Promoter category)

Purpose and Rationale

Preferential allotment to raise capital through issuance of equity shares and convertible warrants to non-promoter category investors.

Financial and Operational Impact

  • Immediate cash inflow: ₹11,05,97,760 from equity shares + ₹1,90,78,736.25 from warrant upfront payment = Total ₹12,96,76,496.25
  • Potential future cash inflow upon warrant conversion: ₹5,72,36,208.75 (if all warrants converted)
  • Total potential fundraising: ₹18,69,12,705
  • No change in capital due to allotment of share warrants (until conversion)

Capital Structure Impact

  • Equity shares allotted rank pari-passu with existing equity shares
  • Warrants convertible into equivalent number of fully paid-up equity shares of face value ₹2 each
  • Both equity shares and warrants subject to lock-in period as per SEBI ICDR Regulations, 2018 Chapter V
  • Detailed allottee list provided in Annexures I and II

Warrant Conversion Terms

  • Conversion option exercisable within 18 months from date of allotment
  • Conversion ratio: 1 warrant = 1 equity share
  • Balance consideration of ₹78.75 per warrant payable upon conversion
  • Unexercised warrants after 18 months shall lapse
  • Amount paid on lapsed warrants shall stand forfeited by the Company

Additional Information

  • The company is registered as an MSME Unit (Small) with Reg. No. UDYAM-CG-05-0000018
  • Company CIN: L27320CT1980PLC019535
  • Information made available on company website: https://www.simplexcastings.com/