Allotment of Convertible warrants.
Price
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Amic Forging Ltd has allotted 65,000 convertible warrants at Rs. 1,536 each, aggregating to Rs. 9.98 crores, on a preferential basis. The warrants were issued to two investors — Rashmi Chamaria (39,000 warrants, Promoter) and Priya Bhutra (26,000 warrants, Non-Promoter). The company has received 25% of the issue price (Rs. 384 per warrant, totalling Rs. 2.496 crores) as upfront subscription money. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, upon payment of the remaining 75% consideration. The allotment was approved by the Board on December 27, 2025, following shareholder approval and BSE in-principle approval.
This is a promoter-led capital infusion that signals confidence in the company's growth, with potential equity dilution if all warrants are converted within 18 months. Shareholders should monitor the stock price relative to the Rs. 1,536 warrant exercise price to gauge conversion likelihood.