Simplex Castings allots Rs 11.059776 crore equity shares

On November 12, 2026, Simplex Castings Limited allotted 10,53,312 preferential equity shares at Rs 105 each, raising Rs 11.059776 crore from 18 non-promoter investors. The fully paid shares have a Rs 2 face value and Rs 103 premium and rank equally with existing Simplex Castings shares.

What did Simplex Castings allot on November 12, 2026?

Simplex Castings allotted 10,53,312 fully paid equity shares at Rs 105 each for total consideration of Rs 11.059776 crore. The issue was a preferential allotment to 18 persons and entities classified as non-promoters, following shareholder approval at the extraordinary general meeting on October 15, 2026 and BSE in-principle approval on November 3, 2026.

Each share carries a Rs 2 face value and a Rs 103 issue premium, which together make the Rs 105 issue price. The new shares rank pari passu, meaning equally, with Simplex Castings' existing equity shares in all respects. This makes the share issue an immediate addition to issued equity, unlike the separately allotted warrants that have not yet changed capital.

The filing also records an allotment of 7,26,809 warrants at Rs 105 each, with a maximum issue size of Rs 7.6314945 crore. Of that potential amount, Simplex Castings received Rs 1.907873625 crore upfront from 13 warrant allottees, equal to 25% of the warrant issue price or Rs 26.25 per warrant.

Who received Simplex Castings' preferential equity shares?

Simplex Castings allocated the largest equity block to NABS Equity, which received 3,08,571 shares for Rs 3.2399955 crore. This was more than twice the 1,54,285 shares allotted to Venktesh Investment and Trading Company Private Limited for Rs 1.6199925 crore, the second-largest allocation in the 18-investor list.

Serene Alpha Capital Fund 1 received 1,25,000 shares for Rs 1.3125 crore, while Saint Capital Fund received 77,142 shares for Rs 80.9991 lakh and Vishal Gupta received 74,476 shares for Rs 78.1998 lakh. Together, these allocations show that the preferential issue included both larger institutional or corporate recipients and individual investors, with every recipient designated as a non-promoter.

Several allottees received identical allocations of 20,000 shares for Rs 21 lakh each. They were Prasanna Sharad Shah, Biren Navinchandra Vakil, Gautam Nowlakha, Laxmichand Kunverji Kenia, Samriddhi Sankalp Ventures and Sameer Chandrakant Thacker. Himalay Prakash Bhatia received the smallest disclosed allocation, 19,285 shares for Rs 20.24925 lakh.

Other disclosed allocations included 38,571 shares to Shrikari Financial Services Private Limited for Rs 40.49955 lakh, 33,333 shares to Divya Abhinav Daga for Rs 34.99965 lakh, and 32,400 shares to Deepti Chhajer for Rs 34.02 lakh. The announcement does not disclose Simplex Castings' equity share capital immediately before or after the allotment, so the percentage expansion in outstanding shares cannot be calculated from this filing.

How do Simplex Castings' warrants differ from its new shares?

Simplex Castings' 7,26,809 warrants are convertible into or exchangeable for an equivalent number of fully paid equity shares, but conversion requires the holder to pay the remaining Rs 78.75 per warrant. By comparison, the 10,53,312 equity shares were allotted as fully paid shares at Rs 105 each on November 12, 2026.

The upfront warrant subscription was Rs 26.25 per warrant, or 25% of the Rs 105 issue price, while the conversion payment represents the remaining 75%. Simplex Castings stated that the warrant allotment caused no change in capital, because shares will be issued only if warrant holders exercise their conversion option.

Serene Alpha Capital Fund 1 received the largest warrant allocation, 1,25,000 warrants, and paid Rs 32.8125 lakh upfront. Dipali Devang Sheth received 1,05,000 warrants with an upfront payment of Rs 27.5625 lakh, while Sneha Mantri, Gunina Realholdings LLP, Prachi Gaggar and Vinit Mukesh Mehta each received 70,000 warrants and paid Rs 18.375 lakh each.

The 13 warrant recipients include three investors that also appear in the equity-share list: Shashikant Rathi, Laxmichand Kunverji Kenia and Serene Alpha Capital Fund 1. Shashikant Rathi received 23,809 warrants with Rs 6.2498625 lakh paid upfront, while Laxmichand Kunverji Kenia received 60,000 warrants with Rs 15.75 lakh paid upfront.

What approvals and restrictions apply to the issuance?

Simplex Castings said members approved the preferential issue by special resolution at the October 15, 2026 extraordinary general meeting, and BSE gave in-principle approval on November 3, 2026. The company disclosed the board's circular-resolution outcome on November 12, 2026 under Regulation 30 of the Securities and Exchange Board of India, or SEBI, Listing Obligations and Disclosure Requirements Regulations, 2015.

The share and warrant issues were made under the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018, read with the Companies Act, 2013 and associated rules. Both the equity shares and warrants are subject to the lock-in requirements specified in Chapter V of the SEBI regulations, although the filing does not state the applicable lock-in duration.

Warrant holders have up to 18 months from the allotment date to exercise conversion by paying Rs 78.75 per warrant. If a holder does not exercise within that 18-month period, the unexercised warrant will lapse and the upfront Rs 26.25 paid for that warrant will be forfeited by Simplex Castings.

The filing also says the number of shares issued upon warrant exercise may be subject to adjustments permitted by applicable rules, regulations and laws. Therefore, 7,26,809 is the stated warrant count at allotment, while the final number of equity shares resulting from conversion depends on both holder exercise and any permitted adjustment.

Conclusion

Simplex Castings has completed an immediate preferential equity issuance of Rs 11.059776 crore through 10,53,312 fully paid shares placed with 18 non-promoter investors. Alongside this completed share allotment, the company issued 7,26,809 warrants with a potential value of Rs 7.6314945 crore, of which Rs 1.907873625 crore was collected upfront from 13 investors.

The next disclosed event to watch is the 18-month warrant exercise window from the allotment date. Warrant holders must pay Rs 78.75 per warrant to obtain equity shares; otherwise, their warrants lapse and the Rs 26.25 per-warrant subscription amount is forfeited by Simplex Castings.