Outcome of Board meeting for Preferential Issue of Equity Shares and Convertible Warrants.
Price
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The board of Amic Forging Ltd, at its meeting on October 10, 2025, approved a preferential issue of up to 2,60,425 equity shares at Rs. 1,536 per share (face value Rs. 10, premium Rs. 1,526), aggregating to about Rs. 40 crore, to 27 non-promoter allottees. Separately, it approved the issuance of up to 65,000 convertible warrants at Rs. 1,536 per warrant, aggregating to about Rs. 9.98 crore, to two promoter-category allottees (Priya Bhutra and Rashmi Chamaria). Each warrant is convertible into one equity share within 18 months from the date of allotment. The combined capital raise is roughly Rs. 50 crore. An Extraordinary General Meeting has been scheduled for November 5, 2025 to seek shareholder approval. The allottees include individuals, LLPs, and small funds such as Avora SME Fund 1, Finwinora Financial Services LLP, and VT Capital Market Private Limited.
Existing shareholders should expect notable dilution, with up to 3,25,425 new shares potentially being created (about Rs. 50 crore raise plus possible warrant conversion). The heavy securities premium of Rs. 1,526 per share signals confidence in pricing, but stock may face short-term pressure once the preferential allotment and warrants are factored in.