Appointment of Mr. Vijay Chopra as an additional director in the category of non executive non independent director of the company with effect from April 20, 2026
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Amic Forging's board approved the conversion of 8,00,000 warrants into equity shares at Rs. 121 per share (including Rs. 110 premium), raising about Rs. 9.68 crore in total (balance 75% consideration received). The shares were allotted to 29 allottees, with one warrant holder having transferred 55,000 warrants to a new allottee. Paid-up equity capital rose from Rs. 10.75 crore to Rs. 11.55 crore, with total shares increasing from 1,07,48,835 to 1,15,48,835. Separately, Mr. Vijay Chopra (DIN: 06876180) was appointed as an Additional Non-Executive Non-Independent Director effective April 20, 2026, subject to shareholder approval.
The warrant conversion modestly expands the share base (about 7.4% dilution) and brings in additional capital, while the new director adds capital markets and investment banking expertise to the board, which may support future fundraising and investor relations.