Simplex Castings Ltd. — Capital/Financing Update 2024

Feb 28, 2024

Sim lex Castin s Ltd. p g

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Corporate Office : 32, Shivnath Complex G.E.Road, Supela Bhilai – 490023 (C.G.) India Phone : +91-788-2290483/84/85 Fax : +91-788-2285664 E-Mail : sclho@simplexcastings.com Website : www.simplexcastings.com CIN : L27320MH1980PLC067459

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28[th] February, 2024

To The Secretary Department of Corporate Services Bombay Stock Exchange Limited Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street Mumbai-400 001 Scrip Code-513472	To, The Manager Calcutta Stock Exchange Address: 7, Lyons Range, Dalhousie, Kolkata700001, West Bengal Scrip Code: 29066

Dear Sir / Madam,

Subject: Outcome of Board Meeting held today i. e. Wednesday, 28[th] February, 2024

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Wednesday, 28[th] February, 2024, inter alia , considered and approved the following matters:

1. To meet long-term capital requirements, working capital requirements, to fund new acquisitions / joint ventures and re-payment of unsecured loans, decided to raise funds up to Rs. 8,00,31,075 (Rupees Eight Crore Thirty One thousand Seventy Five only) by offering and issuing:

2. (a) 3,06,560 Warrants convertible into equivalent number of Equity Shares of Rs. 10/(Rupees Ten only) each at an issue price of Rs. 75/- (Rupees Seventy Five only) per share including premium of Rs. 65/- (Rupees Sixty Five only) per share or at such price as may be determined as per the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, whichever is higher, to the promoters and promoter group entity; and

3. (b) 7,60,521 Equity Shares of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 75/(Rupees Seventy Five only) per share including premium of Rs. 65/- (Rupees Sixty Five only) per share or at such price as may be determined as per the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, whichever is higher, to the FPIs / bodies corporate / individuals in public category.

OFFICE ADDRESS PHONE FAX E-MAIL Regd. Office : 601/602 A, FAIRLINK CENTER, OFF ANDHERI LINK ROAD, ANDHERI (W), MUMBAI -53 022-40034768 sclmumbai@simplexcastings.com Kolkata : 119, PARK STREET, WHITE HOUSE 4[th ] FLOOR KOLKATA - 700016 (W.B.) INDIA 08961045611 033-22493251 kol@simplexcastings.com Bhilai (Plant) : 5, INDUSTRIAL ESTATE, BHILAI - 490026 (C.G.) INDIA 0788-4015273 0788-4034188 sclbhilai@simplexcastings.com Rajnandgaon (Plant) : 223/2,224INDUSTRIAL ESTATE, TEDESARA, RAJNANDGAON - 491441(C.G.) INDIA 9203901697 0788-2285664 scltedesara@simplexcastings.com

Above allotment shall be subject to the approval of members of the Company. The detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 is enclosed as Annexure – 1 .

• (c)Decided to convene and hold 01/2023-24 Extra Ordinary General Meeting of the members of the Company on Thursday, 21[st] March 2024 through Video Conferencing / Other Audio Visual Means to seek members’ approval for aforesaid matters.

The meeting of the Board of Directors commenced at 9.00 A.M. and concluded at 10.30 A.M.

You are requested to kindly take the same on your record.

Thanking you,

Yours faithfully,

For Simplex Castings Limited

SANGEETA Digitally signed by SANGEETA KETAN SHAH KETAN SHAH Date: 2024.02.28 10:36:48 +05'30'

SANGEETA KETAN SHAH MANAGING DIRECTOR

DIN: 05322039

Encl: A/a

Annexure – 1

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Sr. Particulars Details
No.
a) Type of securities (a) 3,06,560 Convertible Warrants into Equity Shares of Rs. 10/-
proposed to be issued each; and
(b) 7,60,521 Equity Shares of Rs. 10/- each.
b) Type of issuance Preferential allotment
c) Total number of 3,06,560 Convertible Warrants of Rs. 10/- each at an issue price of
securities proposed to be Rs. 75/- per share, aggregating to Rs. 2,29,92,000; and 7,60,521 Equity
issued or the total Shares of Rs. 10/- each at an issue price of Rs. 75/- per share
amount for which the aggregating to Rs. 5,70,39,075, total aggregating to Rs. 8,00,31,075
securities will be issued
(approximately)
Additional details required in case of preferential issue
(i) Names of the investors Category No. of shares / warrants to be issued
As per Exhibit A attached
(ii) Post allotment of Details of shareholding of the investors in the Company prior to
Securities - and after the proposed preferential issue (considering full
conversion of warrants):
Outcome of the
subscription Name of the Pre - Preferential Issue Post - Preferential
investors issue
No. of Shares % No. of Shares %
As per Exhibit A attached
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Exhibit A

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Category of Shareholders Category Before issue No. of After issue
Equity
Shares /
Warrants to
be issued
No. of % No. of %
shares shares
(A) Promoter / Promoter group: (Warrants)
Ketan Moolchand Shah Promoter 23,54,455 38.40% 3,06,560 26,61,015 36.97%
considering full conversion of warrants to be issued.
(B) Public: (Equity
Shares)
Areeza India Strategy Partners Bodies NIL NIL
LLP Corporate 4.10%
/LLP 295000 295000
Ten Eighty Investments Partnership NIL NIL 122624 122624 1.70%
Firm
Chetan D. Bhayani HUF HUF NIL NIL 61312 61312 0.85%
Shardha Sukumaran Individual NIL NIL 181585 181585 2.52%
Abhishek Singhvi Individual NIL NIL 25000 25000 0.35%
Ekta Agarwal Individual NIL NIL 50000 50000 0.69%
Kalpana Sudhir Bheda Individual NIL NIL 25000 25000 0.35%
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Yours faithfully,

For Simplex Castings Limited

SANGEETA Digitally signed by SANGEETA KETAN SHAH KETAN SHAH Date: 2024.02.28 10:37:18 +05'30'

SANGEETA KETAN SHAH MANAGING DIRECTOR

DIN: 05322039