SCSimplex Castings513472Preferential allotment

Board approves allotment of ~5.95 lakh equity shares and ~1.64 lakh convertible warrants on preferential basis

Board approved allotment of ~5.95 lakh equity shares at Rs. 105/- each (~Rs.

By ScoutQuest · Fri 6 Nov 2026, 9:40 PM IST · 2 min read

Equity shares allotted

~5.95 lakh equity shares at Rs. 105/- each (~Rs. 6.25 crore) to Non-Promoters

Convertible warrants allotted

~1.64 lakh convertible warrants at Rs. 105/- each (Rs. 1,71,99,945/-)

Warrant upfront payment

25% upfront received: 42,99,988/-; balance 75% payable within 18 months

What was approved

The Board of Directors, through a circular resolution dated November 06, 2026, considered and approved the allotment of equity shares and fully convertible equity warrants to persons belonging to the Non-Promoter category, on a preferential basis.

Equity shares

• Number: ~5.95 lakh equity shares of face value of Rs.2/- each, fully paid.
• Issue price: Rs. 105/- per equity share, including a premium of Rs. 103/-.
• Amount: ~Rs. 6.25 crore for cash.

Convertible warrants

• Number: ~1.64 lakh fully convertible equity warrants.
• Issue price: Rs. 105/- per warrant, including a premium of Rs. 103/-.
• Aggregate value: Rs. 1,71,99,945/-.
• Amount received upfront: 42,99,988/-, being 25% of the issue price.
• Each warrant is convertible into, or exchangeable for, one fully paid-up equity share of face value of Rs.2/-.

Who the shares went to

• NAFA India Emerging Blue Chip Fund: 77142 shares
• Vishal Gupta: 95238 shares
• Mili Emerging Equities Fund: 19285 shares
• Apurva Narendrakumar Parekh: 154285 shares
• Resonance Opportunities Fund: 96428 shares
• Snehal Sunny Shah: 11571 shares
• Venus Investments VCC- Venus Stellar Fund: 23810 shares
• Paresh Dineshlal Shah: 20000 shares
• Niraj Deepak Dalal: 20000 shares
• Shah Amee D: 77142 shares

Who the warrants went to

• Chandni Gupta: 47619 warrants
• Venus Investments VCC- Venus Stellar Fund: 76190 warrants
• Saurabh Gupta: 20000 warrants
• Akshit Lakhotia: 20000 warrants

How the warrants work

• Holders can exercise the warrants in one or more tranches by paying the balance 75% of the issue price within 18 (Eighteen) months from the date of allotment.
• Conversion can happen at any time, at the holder's discretion, before the expiry of that 18-month window.
• If a holder does not exercise conversion within 18 months, the entitlement to convert lapses and the upfront amount paid is forfeited.
• The number of equity shares to be allotted on exercise is subject to appropriate adjustments as permitted under applicable rules.

What this means for the company and shareholders

• The equity share allotment brings ~Rs. 6.25 crore into the company, and the warrants have brought 42,99,988/- now, with the remaining 75% payable later if the holders choose to convert.
• Fresh equity shares raise the total number of shares, so existing shareholders hold a smaller proportional stake.
• Warrants, if converted, will add further shares and bring in fresh money at a later date; if not converted, the upfront money stays with the company but no shares are issued.
• The company states that, consequent to the allotment of the convertible warrants, there is no change in the paid-up equity share capital, shareholding pattern or control of the company.
• All allottees in this update are listed under the Non-Promoter category, so this is not a promoter increasing its stake.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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