Allotment of Equity Shares pursuant to exercise of convertible Equity Warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Amic Forging Ltd's Board has approved the allotment of 8,00,000 equity shares of Rs. 10/- face value each at Rs. 121/- per share (including premium), upon conversion of an equal number of warrants that were allotted on a preferential basis in October 2024. The warrant holders paid 25% (Rs. 302.75 per warrant) as subscription and the remaining 75% (Rs. 908.25 per warrant) upon conversion. The total consideration received was Rs. 72.66 crore. 29 allottees participated, including one who transferred 55,000 warrants to a new allottee. The company's paid-up capital increased from Rs. 10.75 crore to Rs. 11.55 crore. Additionally, Mr. Vijay Chopra was appointed as an Additional Director (Non-Executive Non-Independent) effective April 20, 2026.
The warrant conversion will dilute existing shareholders' stake by approximately 6.9%. The Rs. 72.66 crore capital infusion strengthens the company's balance sheet, though the increased share count may temporarily pressure earnings per share.