Amic Forging Limited has entered into an agreement with Bengal Hammer Industries Pvt Ltd for the purchase of Movable and immovable properties.
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Amic Forging Ltd has signed an agreement to buy land, factory, plant and machinery located in Howrah District from Bengal Hammer Industries Pvt Ltd for a total cash consideration of Rs. 27 crore. The transaction is not a related party transaction and no governmental or regulatory approvals are required. The acquisition is expected to be completed within 120 days from the date of agreement execution (June 19, 2025). This is a significant asset purchase that expands the company's manufacturing footprint.
This Rs. 27 crore acquisition is a material capital expenditure that should boost Amic Forging's production capacity and operational base in Howrah. Shareholders should expect increased depreciation and integration costs in the near term, but the new assets could drive future revenue growth once operational.