EGM proceedings: four resolutions voted, including preferential issue of 44,90,791 shares and 50,05,195 warrants
1st EGM of FY 2026-27 held on October 15, 2026 at 02:00 P.M. (IST) via video conferencing.
By ScoutQuest · · 3 min read
- Preferential equity shares issued
- 44,90,791 equity shares to non-promoter category
- Warrants convertible into equity
- 50,05,195 warrants (promoter & non-promoter)
- EGM attendance
- 40 Members attended; 1st EGM of FY 2026-27 held on October 15, 2026
What the update records
Simplex Castings Limited held its 1st Extra-Ordinary General Meeting (EGM) for the financial year 2026-27 on Thursday, October 15, 2026 at 02:00 P.M. (IST) through Video Conferencing / Other Audio-Visual Means. The meeting concluded at 2:28 P.M. (IST), including the time allotted for e-voting. Mr. Ketan Moolchand Shah, Whole Time Director, occupied the Chair and presided as Chairman of the EGM. The Company Secretary informed members that the Company availed the services of Central Depository Services Limited (CDSL) for conducting the meeting, remote e-voting and e-voting during the meeting.
The items placed before members
- Increase in Authorised Share Capital of the company and consequent amendment in the Memorandum of Association — Ordinary resolution.
- Issue of 44,90,791 equity shares on a preferential basis to persons belonging to the non-promoter category — Special resolution.
- Issue of 50,05,195 warrants, convertible into equity shares on a preferential basis, to persons belonging to the promoter and non-promoter category — Special resolution.
- Appointment of Mr. Urlam java Manmadha Rao (DIN-09242890) as an independent director of the company for a term of five consecutive years w.e.f. 23rd September 2026 — Special resolution.
Attendance
The meeting was attended by 40 Members. All the Directors of the Company attended the meeting except Mr. Urlam Jaya Manmadha Rao, who expressed his inability to attend due to pre-occupation. Mr. Anshul Shekhar Nayak, Partner of M D N & Associates, Statutory Auditor, and Mrs. Meena Naidu, Proprietor of Meena Naidu & Associates, Secretarial Auditor and Scrutiniser, joined the meeting.
Voting process
Remote e-voting commenced at 9:00 a.m. on Monday, October 12, 2026 up to 5:00 P.M. (IST) on Wednesday, October 14, 2026, and the voting facility was also made available during the meeting for members who had not cast their vote prior to the meeting. The e-voting facility remained active on the CDSL platform for the next 15 minutes for members to cast their vote. Mrs. Meena Naidu of M/s Meena Naidu & Associates was appointed Scrutinizer for scrutinizing remote e-voting and e-voting during the EGM.
How a retail investor may read this
- A preferential issue of equity shares increases the total number of shares in issue once allotted, so the proportionate stake of existing shareholders can reduce.
- The 50,05,195 warrants are convertible into equity shares; conversion at a later date would result in further equity shares being issued to the promoter and non-promoter category subscribers.
- An increase in Authorised Share Capital raises the ceiling of shares the company is authorised to issue and is a step that creates room for such issues.
- Appointment of an independent director for a fixed five-year term is a board-level change.
What happens next
The Company Secretary informed that the results of the voting of the EGM together with the report of the scrutinizer will be displayed on the website of the company within two working days of the conclusion of the EGM, and to the stock exchanges. The voting results on all the resolutions along with the scrutinizer's report will be shared with the exchanges and will be made available on the website on or before October 17, 2026.
Also from Simplex Castings
EGM results: 4 resolutions passed, including 44,90,791 equity shares and 50,05,195 warrants on preferential basis
16 Oct 2026
Corrigendum to EGM Notice revises authorised capital, allottee names and shareholding tables
9 Oct 2026
More numbers
- Equity shares on preferential basis to non-promoter category44,90,791
- Warrants convertible into equity shares (promoter and non-promoter category)50,05,195
- Members present at the EGM40
- Term of appointment of independent directorfive consecutive years
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