Simplex Castings513472EGM
EGM results: 4 resolutions passed, including 44,90,791 equity shares and 50,05,195 warrants on preferential basis
EGM held on 15th October, 2026.
By ScoutQuest · · 2 min read
49.95%Votes polled as % of shares held
- Votes Polled
- 20478065 votes polled, 49.9511% of 40996235 shares held
- Votes in Favour
- 100.0000% of the votes polled in favour
- Preferential Issue Size
- 44,90,791 equity shares and 50,05,195 warrants convertible into equity shares
All four resolutions put to shareholders at the Extra-Ordinary General Meeting held on 15th October, 2026, conducted through video conferencing, were passed.
The resolutions
- Ordinary Resolution: Increase in the Authorised Share Capital of the Company and consequent amendment in the Memorandum of Association.
- Special Resolution: Issue of 44,90,791 (Forty-Four Lakhs Ninety Thousand Seven Hundred and Ninety-One) 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. Uriam Jaya Manmada Rao as an independent director for a term of five consecutive years with effect from 23rd September, 2026.
How the votes fell
- Shares held by shareholders, as shown in the voting tables, totalled 40996235.
- 20478065 votes were polled, which is 49.9511% of the shares held.
- On every resolution, 100.0000% of the votes polled were in favour; votes against were 0.
- The scrutinizer's report records 19 members voting (remote e-voting and e-voting during the EGM), 20478065 votes cast, 100.00% of valid votes cast in favour and no invalid votes.
- 8285 shareholders were on the record date of 08-10-2026. Four promoter/promoter group shareholders and 36 public shareholders attended through video conferencing.
What the resolutions involve
- Raising the authorised share capital lifts the ceiling up to which the company can issue shares, and the Memorandum of Association is amended to reflect it.
- The preferential issue of 44,90,791 equity shares and the issue of 50,05,195 warrants are issuances to identified persons rather than to all shareholders. A warrant is a right to receive equity shares later, on payment; on allotment or conversion, new shares enter the capital base.
- The promoter/promoter group were interested in the warrant resolution and were not interested in the other three resolutions.
Points a retail investor may want to track
- New shares from a preferential issue, and shares arising on conversion of warrants, add to the total share capital, so the proportion of the company held by those who do not subscribe can change.
- All four resolutions were carried with no votes cast against.
- The independent director appointment relates to board composition, for a five-year term from 23rd September, 2026.
- The increase in authorised capital is the enabling step behind the two preferential issuances.
Also from Simplex Castings
EGM proceedings: four resolutions voted, including preferential issue of 44,90,791 shares and 50,05,195 warrants
15 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 on preferential basis50,05,195
- Total votes polled20478065
- Total shares held40996235
- Votes polled as % of shares held49.9511%
- Votes in favour of the resolutions100.0000%
- Shareholders on record date8285
- Resolutions passed in the meeting4
Source: BSE · 16 Oct 2026
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.