Notice of 18th Annual General Meeting of the Company to be held on Tuesday, 16th September 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Amic Forging Ltd has called its 18th AGM on Tuesday, September 16, 2025, at 3:00 PM via video conferencing, accompanied by the Annual Report for FY 2024-25. The company reported strong profitability despite a 3.8% dip in revenue from operations to Rs. 12,131.58 lakhs (vs Rs. 12,614.67 lakhs last year). Profit Before Tax surged 144% to Rs. 4,542.57 lakhs and Profit After Tax jumped 157% to Rs. 3,555.70 lakhs, with EPS doubling to Rs. 33.90 from Rs. 16.06. Key items to be approved include adoption of financial statements, re-appointment of Mrs. Rashmi Chamaria as Non-Executive Director (retiring by rotation), ratification of Cost Auditor remuneration of Rs. 50,000, and appointment of B K Barik & Associates as Secretarial Auditor for 5 years (FY 2025-30). The Board has not recommended any dividend to conserve resources.
Shareholders should note the dramatic profit growth driven by margin expansion and strong cost control, though no dividend will be paid. The warrant issue (800,000 warrants at Rs. 1,211 each, totalling Rs. 96.88 crores) could lead to equity dilution upon conversion within 18 months, and the AGM business is largely procedural with no material strategic changes proposed.