BSEAmic Forging LtdMediumNeutral
Announced Fri, 5 Jun · 18:53 IST

Proceeding of Extraordinary General Meeting of the Company held on 05.06.2026

Board & Shareholder Meetings View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹1700.00
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-2.4-4.1-2.9-2.8-2.6+4.5+3.1
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AI summary

Amic Forging Ltd held an Extraordinary General Meeting on June 5, 2026 via video conferencing, chaired by Managing Director Mr. Girdhari Lal Chamaria, with 41 members in attendance. Four resolutions were tabled for member approval: increasing authorised share capital from Rs. 12 crore to Rs. 15 crore; issuing equity shares and convertible warrants on a preferential basis to non-promoters; appointing Mr. S. Subrahmanyan as Independent Director; and appointing Mr. Vijay Chopra as Non-Independent Director. Remote e-voting was open from June 2-4, 2026, with Bigshare Services as the agency and Mr. B.K. Baik as the scrutinizer. The meeting concluded at 3:20 PM, and voting results along with the scrutinizer's report will be filed with BSE within two working days.

Likely market impact

The preferential issue of equity shares and warrants to non-promoters could result in equity dilution for existing shareholders, while the expansion of authorised capital signals plans for further fundraising or equity issuance. Investors should watch for the voting results to confirm whether these resolutions were passed.