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Simplex Castings Ltd. — Capital/Financing Update 2024
Apr 24, 2024
61924_rns_2024-04-24_89b5568f-b41d-4cc4-b7da-8f626df1fef7.pdf
Capital/Financing Update
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Simplex Castings Limited
(CIN: L27320MH1980PLC067459)
Regd. Office: 601/602A, Fairlink Center Off, Andheri Road, Andheri (W), Mumbai-400053 E-mail: [email protected] ; Phone: 0788-2290484 Website:- www.simplexcastings.com
April 24, 2024
To,
BSE Limited
1st Floor, New Trading Wing, Rotunda Building P J Towers, Dalal Street, Fort Mumbai – 400001 Scrip Code: 513472
Dear Sir(s)/ Madam,
Subject: Intimation of Allotment of Equity Shares and Warrants
Ref.: Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
In terms of Regulation 30 read with Schedule lll to the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company through circular resolution dated April 24, 2024 has, inter alia, considered and approved the allotment of 7,60,521 (Seven Lacs Sixty Thousand Five Hundred Twenty One ) fully paid – up equity shares and of face value of ₹10/(Rupees Ten only) each on Preferential Basis for cash at an issue price of ₹75/- (including a premium of ₹65/-) per share, to the persons in public category (non-promoter) as listed below, and 3,06,560 ( Three Lacs Six Thousand Five Hundred Sixty) Convertible Warrants to Mr Ketan M Shah, Promoter , on preferential basis on such terms and conditions as may be determined by the Board in accordance with the ICDR Regulations and other applicable laws:
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Sr. No Name of the Allottees Category No. of Share
1. Areeza India Strategy Partners LLP Bodies Corporate /LLP 295000
2. Ten Eighty Investments Partnership Firm 122624
3. Chetan D. Bhayani HUF HUF 61312
4. Abhishek Singhvi Individual 25000
5. Ekta Agarwal Individual 50000
6. Kalpana Sudhir Bheda Individual 25000
7. Shardha Sukumaran Individual 181585
Total 7,60,521
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Please be informed that the aforesaid Issue of the Equity Shares and Convertible Warrants on Preferential Basis were approved by the shareholders of the Company by way of Special Resolution in the Extra‐Ordinary General Meeting of the Company held on March 21, 2024 and In-principle approval was
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Simplex Castings Limited
(CIN: L27320MH1980PLC067459)
Regd. Office: 601/602A, Fairlink Center Off, Andheri Road, Andheri (W), Mumbai-400053 E-mail: [email protected] ; Phone: 0788-2290484
Website:- www.simplexcastings.com
granted by BSE Limited vide letter number LOD/PREF/TT/FIP/81/2024-25 dated April 15, 2024. The application for listing and trading approval of the Stock Exchange for the Equity Shares allotted as above will be made in due course, in compliance with applicable law.
The equity shares so allotted, shall rank pari-passu with the existing equity shares of the Company in all respects. Consequent to the aforesaid allotment, the paid‐up share capital of the Company will accordingly increase from ₹6,13,12,000/- (61,31,200 equity shares of ₹10/- each) to ₹ 6,89,17,210/(68,91,721 equity shares of ₹10/- each).
The equity shares allotted to the aforementioned investors shall be locked in for a period as specified under Chapter V of the SEBI ICDR Regulations, as applicable.
The requisite details as required in terms of SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are provided as ‘Annexure-A’.
You are requested to please take the above intimation on your records and treat this as a compliance with Regulation 30 of SEBI Listing Regulations.
Thanking you. Yours faithfully,
For, Simplex Castings Limited
AKANKSHA Digitally signed by AKANKSHA KOTWANI KOTWANI Date: 2024.04.24 22:18:33 +05'30' Akanksha Kotwani
Company Secretary and Compliance Officer
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Simplex Castings Limited
(CIN: L27320MH1980PLC067459)
Regd. Office: 601/602A, Fairlink Center Off, Andheri Road, Andheri (W),
Mumbai-400053 E-mail: [email protected] ; Phone: 0788-2290484
Website:- www.simplexcastings.com
Information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure) Regulations, 2015
Issuance of securities:
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S. No Particulars Details
1. Type of securities Allotted Equity Shares of ₹10/‐ each
2. Type of issuance Preferential Allotment Issue in accordance with
Chapter V of the SEBI ICDR Regulations and
other applicable laws
3. Total number of securities issued or the 7,60,521 (Seven Lacs Sixty Thousand Five
total amount for which the securities are Hundred Twenty One only) fully paid‐up equity
allotted shares of face value of ₹10/‐ each (Rupees Ten
only) each for cash at a price of ₹75/‐ (including
a premium of ₹65/‐) per Equity Share,
aggregating to Rs. 5,70,39,075/- (Rupees Five
Crore Seventy Lacs Thirty Nine Thousand
Seventy Five only)
Additional
Details:
(i) Names of the investors 1. Areeza India Strategy Partners LLP(
Corporate/LLP)
2. Ten Eighty Investments Partnership Firm)
3. Chetan D. Bhayani HUF (HUF)
4. Abhishek Singhvi (Individual)
5. Ekta Agarwal (Individual)
6. Kalpana Sudhir Bheda (Individual)
7. Shardha Sukumaran (Individual)
(ii) Post allotment of securities‐ Paid up Capital ₹ 6,89,17,210/- (68,91,721 equity
outcome of the subscription, shares )
issue price / allotted price (in
case of convertibles),
(iii) Number of investors 7 ( Seven)
4. Any cancellation or termination Not Applicable
of proposal for issuance of
securities including reasons
thereof
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AKANKSHA Digitally signed by AKANKSHA KOTWANI KOTWANI Date: 2024.04.24 22:19:12 +05'30'