Amic Forging Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/10/2025 ,inter alia, to consider and approve proposal for issuance of equity ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.5 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Amic Forging Ltd has called a Board meeting on October 10, 2025 to consider raising funds by issuing equity shares through a preferential issue on a private placement basis. The company also plans to seek shareholder approval via an Extra-Ordinary General Meeting or Postal Ballot for this fund-raising proposal. Importantly, the Board will consider rescinding/withdrawing the earlier resolution passed on September 24, 2025 that had approved raising funds via Qualified Institutions Placement (QIP). The trading window remains closed until 48 hours after the declaration of half-yearly financial results ending September 30, 2025.
Shareholders should note a shift in fund-raising strategy from QIP (institutional investors) to preferential issue (select investors), which could lead to dilution for existing shareholders. The exact pricing and size of the preferential issue will be key details to watch.