Simplex Castings CEO, MD, chairman, board of directors and AGM
BSE: 513472Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹121.10.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹487 Cr2,019th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 20 Oct 2026
- 20.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 4.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 20 Oct 2026
- 27.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 20 Oct 2026
- 22.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.44
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,74,155
Simplex Castings board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and chief executiveKETAN MOOLCHAND SHAH
- Managing directorSANGEETA KETAN SHAH
8 directors4 independent4 executive
- KETAN MOOLCHAND SHAH · Chairperson and chief executiveExecutive · joined Mar 1993 · reappointed Jul 2025 · 1 listed board
- SANGEETA KETAN SHAH · Managing directorExecutive · joined Oct 2014 · reappointed Oct 2024 · 1 listed board
- SAJAL KUMAR GHOSHExecutive · joined Feb 2023 · 1 listed board
- AVINASH HARIHARNOExecutive · joined May 2026 · 1 listed board
- INDU NAGARIndependent · joined Oct 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- PALASH SINGHANIAIndependent · joined May 2026 · 4 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SMITA THAKURIndependent · joined Jun 2026 · 4 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- URLAM JAYA MANMADHA RAOIndependent · joined Sep 2026 · 1 month as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- CHAMPAK KALYANJI DEDHIA, left 31 Jul 2026: Tenure Completion
- SHAILESH JAIN, left 5 Jun 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 23 Sep 20267 of 7 present3 independent · 39 days in between
- 14 Aug 20267 of 7 present3 independent · 77 days in between
- 28 May 20266 of 6 present3 independent
Audit Committee
Chair SMITA THAKUR
INDU NAGAR, PALASH SINGHANIA, URLAM JAYA MANMADHA RAO
- 23 Sep 20263 of 3 present3 independent · 39 days in between
- 14 Aug 20263 of 3 present3 independent · 77 days in between
- 28 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair INDU NAGAR
PALASH SINGHANIA, SMITA THAKUR, URLAM JAYA MANMADHA RAO
- 23 Sep 20263 of 3 present3 independent · 39 days in between
- 14 Aug 20263 of 3 present3 independent · 77 days in between
- 28 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair INDU NAGAR
PALASH SINGHANIA, SMITA THAKUR, URLAM JAYA MANMADHA RAO
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair INDU NAGAR
SANGEETA KETAN SHAH, KETAN MOOLCHAND SHAH
- 14 Aug 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- HARSH JAIN AND ASSOCIATESPeer-review certificate valid to Mar 2029
1 earlier auditor
- HARSH JAIN & ASSOCIATESNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Simplex Castings AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Simplex Castings dividend history
Extraordinary general meeting, 15 Oct 2026
8,285 shareholders on the register on 8 Oct 2026; present: 4 promoters and 36 others; votes counted by MEENA NAIDU / MEENA NAIDU & ASSOCIATES.The company's voting result (opens in a new tab)
- Increase in Authorised Share Capital of the company and consequent amendment in the Memorandum of Association.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- Issue of 44,90,791 (Forty-Four Lakhs Ninety Thousand Seven Hundred and Ninety-One) equity shares on preferential basis to the persons belonging to the non-promoter category.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- Issue of 50,05,195 warrants, convertible into equity shares on preferential basis to the persons belonging to the promoter and non-promoter category.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- To approve the appointment of Mr. Urlam Jaya Manmadha Rao (DIN-09242890) as an independent director of the company for a term of five consecutive years w.e.f. 23rd September 2026.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 16 Sep 2026, 6 resolutions
7,321 shareholders on the register on 9 Sep 2026; present: 3 promoters and 38 others; votes counted by MEENA NAIDU / MEENA NAIDU & ASSOCIATES.The company's voting result (opens in a new tab)
- To consider and adopt the audited financial statements for the financial year ended 31st March 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- To appoint a Director in place of Mr. Sajal Kumar Ghosh (DIN: 10045814) who retires by rotation and being eligible offer himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- Appointment of Statutory Auditor to fill casual vacancyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- Appointment of Statutory Auditor for five year.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- Ratification of Remuneration to Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
- Appointment of Mrs Smita Thakur (DIN: 11771223) as an Independent Director of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.08%
Turnout: all 49.95% · promoters 99.07% · institutions 0.00% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeINCOME TAX AUTHORITYSince 6 Apr 2023
Assessment u/s 147 of IT Act 1961 has been completed for AY 2018-19 in FY 2022-23 with an addition of Rs. 1499.76 Lakhs and a demand of Rs. 1857.36 Lakhs (PY- 1857.36 Lakhs) against which company has preferred an appeal with CIT(A) Mumbai and has also applied for stay of demand till disposal of appealMoreLess
- Tax disputeEmployee Provident Fund OrganisationSince 31 Mar 2021
Disputed liability of Employee Provident Fund Organisation has raised demand of Rs. 6.50 Lacs (PY- 6.50 Lakhs ) for the period from Jan'2018 to Jan'2020. Company has filed an appeal at Central Govt Industrial Tribunal cum Labour court against the said demandMoreLess
- Tax disputeOFFICE OF THE COMMISSIONER APPEALS, GST & CENTRAL EXCISE TIKRAPARA, RAIPURSince 18 Oct 2023
An Appeal dated 18.10.2023 had been filed by the company against order dated 28.07.2023 before Commissioner (Appeals) CGST & Central Excise, Raipur (CG) in the matter of CENVAT Credit of Service tax availed and utilised for FY 2015-16 to 2017-18 (up to June 2017). Total amount involved in original order was Service Tax Rs.3,70,899/-, Applicable Interest under Rule 14(ii) of the Cenvat Credit Rules, 2004 read with Section 11AA of the Central Excise Act, 1944 and Penalty of Rs. 3,70,899/-. In this matter Company has filed appeal before the CESTAT & the hearing is fixed on 29.07.2025, New Delhi.MoreLess
At the filing before: An Appeal dated 18.10.2023 had been filed by the company against order dated 28.07.2023 before Commissioner (Appeals) CGST & Central Excise, Raipur (CG) in the matter of CENVAT Credit of Service tax availed and utilised for FY 2015-16 to 2017-18 (up to June 2017). Total amount involved in original order was Service Tax Rs.3,70,899/-, Applicable Interest under Rule 14(ii) of the Cenvat Credit Rules, 2004 read with Section 11AA of the Central Excise Act, 1944 and Penalty of Rs. 3,70,899/-. In this matter Company has filed appeal before the CESTAT & the hearing is fixed on 29.07.2025, New DelhiMoreLess
- Tax disputeCGST & Central Excise, Mumbai WestSince 29 May 2025
An Appeal filed by the company on 29.05.2025 against GST order dated 03.02.2025 issued by Joint Commisioner (CGST & Central Excise, Mumbai West)- Brief facts – For Tax Period July 2017 to March 2019- For Wrong Availment & utilization of ITC for total ITC of Rs. 13,78,29,799/- (CGST+SGST) and Penalty of Rs. 13,78,29,799/-, Total amount including penalty Rs. 27,56,59,598/-. In this matter the department not disputed the GST amount paid by the company on outward supply. However, department disputed the ITC amount which is further used in the supply of goods. Hence, allegation of the department for wrongly availment and utilization of ITC is prima-facie is legally not correct.MoreLess
- Tax disputeCGST & Central Excise, Palahar CommissionerateSince 26 Feb 2025
Appeal filed by the company on 26.02.2025 against GST order - 92/PLG/ADC/PKK/DGGI/CGST/AIPL/2024-25 dated 04.02.2025 issued by Additional Commissioner, CGST & Central Excise, Palahar Commissionerate – Brief Facts – For Tax period July 2017 to March 2018- Availment , Utilization and Passing of Ineligible ITC – Amount involved Penalty of Rs. 1,58,69,814/- (CGST+SGST) u/s 122 of CGST Act, 2017. In this matter also department not disputed the payment of GST by the company on supply of goods. Hence allegation of department that company wrongly availed and utilized the ITC is legally not correct. Further all the allegation of the department is based on third party investigations.MoreLess
- Tax disputeCGST & Central Excise, Thane CommissionerateSince 7 Mar 2025
Appeal filed by the company on 07.03.2025 against GST order – 91/AKS-73/DGGI/TH-CGST/2024-25 dated 04.02.2025 issued by Joint Commissioner, CGST & Central Excise, Thane Commissionerate – Brief Facts – For Tax period July 2017 to March 2018 – Availment, Utilization and Passing of Ineligible ITC – Amount involved Penalty of Rs. 8,79,60,254/-(CGST+SGST) u/s 122 of CGST Act, 2017. The allegation of the department is based on third party investigation and without disputing the transactions recorded in the books of accounts of the company. Company comply the provisions which are require for availment of ITC and Utilization of ITC. Hence the allegation of the department is prima –facie not correct.MoreLess
- Tax disputeCGST & Central Excise, Palahar CommissionerateSince 26 Feb 2025
Appeal filed by the company on 26.02.2025 against GST order – No.91//PLG/ADC/VRR/DGGI/CGST/TWINSTAR/2024-25 dated 04.02.2025 issued by Additional Commissioner, CGST & Central Excise, Palahar Commissionerate – Brief Facts – For Tax period July 2017 to March 2018– Availment, Utilization and Passing of Ineligible ITC – Amount involved Penalty of Rs. 11,70,610/-(CGST+SGST) u/s 122 of CGST Act, 2017. All the transaction related to availment of ITC duly recorded in the books of account of the company and allegation of department is based on third party investigation. Department not disputed the GST paid by the company of outward supply. Therefore, the allegation of department for wrongly availment and utilization of ITC is legally not correct.MoreLess
- Tax disputeCGST & Central Excise, Palahar CommissionerateSince 21 Feb 2025
Appeal filed by the company on 21.02.2025 against GST order dated 15.01.2025 issued by Additional Commissioner, CGST & Central Excise, Palahar Commissionerate – Brief Facts – For Tax period July 2017 to March 2018– Availment, Utilization and Passing of Ineligible ITC – Amount involved Penalty of Rs. 31,68,59,485/-(CGST+SGST) u/s 122 of CGST Act, 2017. In this matter also the allegation of department is based on third party investigation. The department not disputed the GST paid by the company on outward supply. Hence the allegation of wrongly availment of ITC on inward supply of goods is legally not correct.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesMar 2026 | 20.75 | Working Capital requirement to cater to casted Railway Bogies and long term Power Sector Fabrication Work | 20.75 | 20.75 | No |
| Preferential IssuesMar 2026 | 0.25 | Working Capital requirement to cater to casted Railway Bogies and long term Power Sector Fabrication Work | 0.25 | 0.25 | No |