Scrutinizer''s Report with Voting Result
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Amic Forging Limited held an Extraordinary General Meeting on June 5, 2026 via video conference, where all four resolutions were passed unanimously with 100% votes in favour. Shareholders approved increasing the authorised share capital from Rs. 12 crore to Rs. 15 crore (additional 30 lakh equity shares of Rs. 10 each). They also cleared a preferential issue of 26,200 equity shares and 14,22,900 convertible warrants to non-promoters at Rs. 1,525 per share/warrant, aiming to raise up to Rs. 220.99 crore. Notable allottees include Motilal Oswal Financial Services, Kyasa Capital, Calliope Capital Advisors LLP, and Infiniterise Venture Pvt Ltd. Additionally, Mr. S Subrahmanyan was appointed as Independent Director for 5 years (till October 2030) and Mr. Vijay Chopra as Non-Executive Non-Independent Director for 5 years (till April 2031). Voting turnout was 58.35% of outstanding shares, with promoters backing all resolutions.
The Rs. 221 crore preferential issue will result in meaningful equity dilution for existing shareholders but brings significant capital inflow to the company. Both director appointments add board strength, while the authorised capital hike gives the company headroom for further fundraising or stock splits.