Simplex Castings Approves ₹99.7 Crore Preferential Equity And Warrant Issuance

Board approved preferential 44.9L shares (~47.2Cr) and 50.1L warrants (~52.6Cr) at Rs105, authorised capital hike to Rs15Cr, EGM 15 Oct; appointed Urlam Rao as independent director. Step change in funding scale vs recent small prefs, continuing equity-funded expansion for railway/power ramp; promoter subscribing alongside funds; railways veteran fits bogie re-entry push. Adds material dilution overhang; warrants convertible within 18 months; use of proceeds and capacity linkage undisclosed; pending EGM/regulatory approvals; bogie order conversion key.