Description
5,75,862 equity shares of Simplex Castings Ltd issued at premium of Rs.236/- on preferential basis pursuant to warrant conversion are listed and permitted to trade with effect from November 7, 2025.
Summary
BSE has announced the listing and commencement of trading for 5,75,862 new equity shares of Simplex Castings Ltd (Scrip Code: 513472) effective from Friday, November 7, 2025. These shares were issued at a premium of Rs.236/- per share (issue price Rs.246/-) to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants. The shares are ranking pari-passu with existing equity shares.
Key Points
- Total new shares listed: 5,75,862 equity shares of Rs.10/- each
- Issue price: Rs.246/- per share (face value Rs.10/- + premium Rs.236/-)
- Issued to: Promoter and Non-Promoter on preferential basis
- Basis: Conversion of warrants
- Trading commencement: November 7, 2025
- ISIN: INE658D01011
- Distribution numbers: 7307082 to 7882943
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes. This is a routine listing notification for new securities issued pursuant to warrant conversion under preferential allotment regulations.
Compliance Requirements
- Trading members must note the listing of these new securities
- Lock-in restrictions apply to the newly listed shares as detailed below
- Shares must be distinguished by their distribution numbers for lock-in compliance
Important Dates
- Allotment Date (Tranche 1): August 26, 2025 - 2,97,248 shares
- Allotment Date (Tranche 2): August 28, 2025 - 2,78,614 shares
- Trading Commencement: November 7, 2025
- Lock-in Expiry (Tranche 1): June 15, 2026 - 2,15,948 shares (Dist. Nos. 7307082-7523029)
- Lock-in Expiry (Tranche 2): June 15, 2027 - 3,59,914 shares (Dist. Nos. 7523030-7882943)
Impact Assessment
Market Impact: Low. The listing represents approximately 5.76 lakh new equity shares, which is a relatively small dilution. The shares were issued via preferential allotment to promoters and non-promoters following warrant conversion.
Liquidity Impact: Minimal in the short term due to significant lock-in restrictions. 2,15,948 shares are locked until June 2026 and 3,59,914 shares until June 2027, preventing immediate trading of the entire issuance.
Operational Impact: Routine listing process with no immediate operational changes for trading members beyond noting the new securities and their lock-in restrictions.
Impact Justification
Routine listing of new equity shares from warrant conversion. Limited immediate market impact as shares are subject to lock-in periods until 2026-2027.