Key Quantitative Figures

  • Equity Shares: 44,90,791 equity shares of ₹2 each
  • Warrants: 50,05,195 warrants convertible into 50,05,195 equity shares of ₹2 each
  • Issue Price: Not less than ₹105 per share/warrant
  • Equity Share Allottees: Non-promoters
  • Warrant Allottees: Promoters and non-promoters

Dates and References

  • Approval Date: November 03, 2026
  • BSE Reference Number: LOD/PREF/SS/FIP/1051/2026-27
  • SEBI Circular Reference: SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Regulatory Compliance: Regulation 28(1) of SEBI LODR Regulations, 2015

Parties Involved

  • Issuer: Simplex Castings Ltd. (CIN: L27320CT1980PLC019535)
  • Approving Authority: BSE Limited

Regulatory Requirements and Conditions

  • Company must ensure issue and allotment complies with Companies Act 2013, SCRA 1956, SEBI Act 1992, Depositories Act 1996, SEBI ICDR Regulations 2018, and SEBI LODR Regulations 2015
  • Must strengthen internal controls to monitor trades by proposed allottees
  • Required to obtain undertaking from allottees confirming they will not do intra-day trading or any sale in company scrip till allotment date
  • Responsibility solely on issuer company to verify and ensure compliance with Regulation 167(6) of SEBI ICDR Regulations, 2018
  • Any non-compliances post-undertaking may impact listing of shares

Post-Approval Obligations

  • Must make listing application without delay after allotment with applicable fees under Regulation 14 of LODR Regulations
  • Listing application must be made within 20 days from date of allotment as per Schedule XIX - Para (2) of ICDR Regulations
  • Non-compliance with listing application timeline will attract fines as specified in SEBI circular dated June 21, 2023
  • Depositories will automatically release excess lock-in period of pre-preferential holding of allottees without requiring NOC from Exchange

Reservation of Rights

BSE reserves right to withdraw in-principle approval if information submitted is found incomplete/incorrect/misleading/false or if it contravenes any rules, bye-laws, and regulations.