Appointment of Mr. Vijay Chopra as an Additional Director (Non executive Non independent) with effect from 20th April, 2026.
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Amic Forging Ltd's Board approved two key items on April 20, 2026. First, the company allotted 8,00,000 equity shares (face value Rs. 10 each) at Rs. 1,211 per share, pursuant to conversion of an equal number of convertible warrants allotted in October 2024 on a preferential basis. The 29 allottees include individuals (Girdhari Lal Chamaria, Anshul Chamaria, Mahesh Agarwal, etc.) and entities (Nakshatra Stressed Assets Fund Scheme, Tasmseem Commercial LLP, SVAR Family Trust, among others). One warrant holder transferred 55,000 of their 1,00,000 warrants to a new allottee. The paid-up capital rose from Rs. 10.75 crore to Rs. 11.55 crore. Second, the Board appointed Mr. Vijay Chopra (DIN: 06876180) as an Additional Director in the Non-Executive Non-Independent category, effective April 20, 2026, subject to shareholder approval. Chopra is a capital markets veteran with over 28 years of experience, an IIFT alumnus, and previously held senior roles at Fullerton India (Temasek Holdings) and Sequoia Capital-backed companies.
The warrant conversion dilutes existing shareholders and increases the company's capital base, signaling significant fundraising activity. The appointment of an experienced capital markets professional to the board could signal strategic intent around investor relations and future fund-raising.