Preferential issue of equity shares and Convertible warrant
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Amic Forging Ltd's Board has approved a preferential issue comprising two parts: (1) Up to 26,200 equity shares at Rs. 1,525 per share for Rs. 3.99 crore to Kvasa Capital, and (2) Up to 14,22,900 convertible warrants at Rs. 1,525 each for Rs. 216.99 crore to 11 non-promoter investors including Motilal Oswal Financial Services and Calliope Capital Advisors. The warrants require 25% upfront payment (Rs. 381.25) with the balance payable upon conversion within 18 months. The company also increased authorized share capital from Rs. 12 crore to Rs. 15 crore. An EGM is scheduled for June 5, 2026 to seek shareholder approval.
This is a significant dilution event — the warrant conversion alone could add 14.22 lakh shares, substantially increasing the equity base. The involvement of institutional investors like Motilal Oswal signals some market confidence, but existing shareholders face notable dilution unless the funds drive strong growth.