Proceedings of Extraordinary General Meeting of the Company held on 05.11.2025.
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Amic Forging Limited held an Extraordinary General Meeting (EGM) on November 5, 2025, at 3:00 PM via video conferencing, chaired by Managing Director Mr. Girdhari Lal Chamaria. The key business item was a Special Resolution for the issue of equity shares and warrants on a preferential basis through private placement to promoters and certain identified persons. A corrigendum was issued on November 4, 2025, correcting a typographical error in the EGM notice: the amount earmarked for General Corporate Purpose under the 'Utilization of Issue Proceeds' was revised from ₹2.99 crore to ₹6.99 crore. A total of 21 members attended the meeting, no shareholders registered as speakers or submitted questions. Remote e-voting was conducted from November 2 to November 4, 2025, and the voting results along with the Scrutinizer's Report (by Mr. B.K. Baik) will be submitted to BSE within two working days.
The preferential issue of shares and warrants to promoters and select persons will lead to dilution of existing shareholders' stake once approved. The corrigendum increased the amount allocated to General Corporate Purpose (from ₹2.99 cr to ₹6.99 cr), modestly reducing funds earmarked for specific uses, which investors should note. The EGM was largely procedural with no public objections raised, and the actual voting outcome is still awaited.