Description

5,75,862 equity shares of Simplex Castings Ltd issued at Rs. 246/- on preferential basis pursuant to warrant conversion listed for trading from November 7, 2025.

Summary

BSE has listed 5,75,862 new equity shares of Simplex Castings Ltd (Scrip Code: 513472) effective November 7, 2025. These shares were issued to promoters and non-promoters on a preferential basis following the conversion of warrants. The shares were allotted in two tranches on August 26, 2025 (2,97,248 shares) and August 28, 2025 (2,78,614 shares) at an issue price of Rs. 246/- per share (face value Rs. 10/- plus premium of Rs. 236/-). The new shares rank 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 (including premium of Rs. 236/-)
  • Allotment dates: August 26, 2025 and August 28, 2025
  • Trading commencement: November 7, 2025
  • Distribution numbers: 7307082 to 7882943
  • ISIN: INE658D01011
  • New shares rank pari-passu with existing equity shares
  • Issued to promoters and non-promoters on preferential basis pursuant to warrant conversion

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

Trading members are required to note the listing of these new securities and the applicable lock-in restrictions:

  • 2,15,948 shares (Dist. Nos. 7307082-7523029) are locked-in until June 15, 2026
  • 3,59,914 shares (Dist. Nos. 7523030-7882943) are locked-in until June 15, 2027

Important Dates

  • August 26, 2025: First tranche allotment date (2,97,248 shares)
  • August 28, 2025: Second tranche allotment date (2,78,614 shares)
  • November 7, 2025: Trading commencement date
  • June 15, 2026: Lock-in expiry for 2,15,948 shares
  • June 15, 2027: Lock-in expiry for 3,59,914 shares

Impact Assessment

This is a routine listing announcement with minimal market impact. The preferential allotment represents capital raising through warrant conversion. The lock-in periods (until June 2026 and June 2027 for different tranches) will restrict immediate liquidity of these shares. The total new shares represent a relatively small issuance for a listed company, and the lock-in provisions ensure gradual entry into the tradable float. Trading members should update their systems to reflect the increased share capital and be aware of the lock-in restrictions when processing trades.

Impact Justification

Routine listing of shares from warrant conversion with limited trading impact due to lock-in periods