Outcome of the meeting of Board of Directors of the Company held on September 24, 2025.
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The Board of Directors of Amic Forging Ltd, at its meeting held on September 24, 2025, approved raising funds of up to Rs. 50 Crores through a Qualified Institutions Placement (QIP). The company may issue equity shares of Rs. 10 face value and/or other eligible securities, in one or more tranches, at permissible prices under SEBI ICDR Regulations, 2018. The QIP is subject to statutory and regulatory approvals, including shareholder approval which will be sought through a postal ballot notice. The detailed disclosure under Regulation 30 of SEBI LODR Regulations has been enclosed as Annexure A.
This is a dilution event for existing shareholders as the company plans to issue new equity shares/securities. However, the Rs. 50 Crore fundraising will strengthen the company's capital base for growth or operational needs. Shareholders should watch for the postal ballot outcome and QIP pricing once finalised, as the issue price will determine dilution impact.