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Awaiting price reaction for this filing.
Amic Forging Ltd's board has approved allotment of 65,000 convertible warrants on a preferential basis at Rs. 1,536 per warrant, aggregating to about Rs. 9.98 crores. The warrants have been allotted to two investors: promoter Rashmi Chamaria (39,000 warrants) and non-promoter Priya Bhutra (26,000 warrants). The company has received 25% upfront money (Rs. 384 per warrant, totalling about Rs. 2.50 crores). Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with the remaining 75% payable at the time of conversion. The allotment is backed by shareholder approval dated November 5, 2025 and BSE in-principle approval dated December 12, 2025.
The preferential allotment to the promoter signals promoter confidence and strengthens capital, but if all warrants are converted, it could lead to equity dilution of up to 65,000 shares. The Rs. 9.98 crore inflow will support the company's growth plans, and warrant conversion depends on the stock staying above Rs. 1,536 in the next 18 months.