Preferential issue of Equity Share and Warrants
Price
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Awaiting price reaction for this filing.
Amic Forging Ltd's Board has approved raising about Rs. 50 crore through a preferential issue. This includes up to 2,60,425 equity shares at Rs. 1,536 per share (aggregating ~Rs. 40 crore) to 27 non-promoter allottees, and up to 65,000 warrants (convertible into equal number of equity shares at Rs. 1,536 each) aggregating ~Rs. 9.98 crore to promoter and non-promoter allottees. Warrant holders have 18 months to convert them into equity shares. Notable investors include Finwinora Financial Services LLP, VT Capital Market Private Limited, Avora SME Fund 1, and several individuals. An EGM has been scheduled for November 5, 2025, to seek shareholder approval for the issue.
The share count will expand once the equity shares are allotted and warrants are converted, leading to dilution for existing shareholders. However, the fundraise of ~Rs. 50 crore may strengthen the company's balance sheet for growth or working capital needs. Shareholders should watch for the EGM outcome and the eventual allotment price versus prevailing market price.