Independent Director Resigns from Simplex Castings Ltd due to Professional Obligations
Simplex Castings Ltd has announced that Mr. Shailesh Jain, an Independent Director of the company, has tendered his resignation. The departure is effective as of close of business hours on June 5, 2026.Mr. Jain's resignation stems from other professional obligations and engagements which prevent him from dedicating sufficient time to the affairs of Simplex Castings Ltd.
Upon his resignation, Mr. Jain will also cease to hold membership in several key governance bodies within the company. These committees include the Audit Committee, the Nomination & Remuneration Committee, and the Stakeholder Relationship Committee.
The Board of Directors of Simplex Castings Ltd has expressed appreciation for the valuable guidance and contribution provided by Mr. Shailesh Jain during his tenure with the organization as an Independent Director.
Stock Price Movement
Simplex Castings Ltd. closed on Friday at ₹507.15, as shares ticked up 3.41% in the post-market session. The stock traded throughout the day within an intraday range that spanned from a low of ₹461.70 to a high of ₹515.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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