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Corporate News - Detailed News Back
Simplex Castings secures Rs 621.47 million investment via share allotment and warrants
06-Nov-26   22:55 Hrs IST

Simplex Castings Ltd. has raised Rs 621.47 million through the preferential allotment of 5,904,285 equity shares at a price of Rs 105 per share to non-promoter investors, including Narendra Ku Mar Parekh, Venus Investments VCC- Venus Stellar Fund, and Paresh Dineshlal Shah, among others. Additionally, the company issued 163,809 convertible warrants to the same group of investors, generating Rs 42.99 million in upfront payments, representing 25% of the total warrant value. The warrants, priced at Rs 105 each with a premium of Rs 103, can be converted into equity shares within 18 months, with the remaining 75% of the warrant value payable upon conversion. The move demonstrates Simplex Castings’ adherence to SEBI regulations and attracts investment from a diverse group of non-promoter investors.


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