The Extra Ordinary General Meeting of the Company is scheduled to be held on November 05, 2025 at 3.00 p.m.
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Amic Forging Limited has called an EGM on November 5, 2025 at 3:00 PM (via video conferencing) to seek shareholder approval for a preferential issue of equity shares and convertible warrants on a private placement basis. The company plans to raise up to Rs. 49.99 crore by issuing 2,60,425 equity shares at Rs. 1,536 each (face value Rs. 10, premium Rs. 1,526) and 65,000 warrants at Rs. 1,536 each, convertible into one equity share within 18 months. There are 27 identified allottees for equity shares and 2 for warrants, including promoter Rashmi Chamaria (39,000 warrants) and several non-promoter entities and individuals. The aggregate issue represents 2.80% of the fully diluted paid-up share capital, so there will be no change in control. Funds will be used for capital expenditure, working capital, and general corporate purposes. The issue price of Rs. 1,536 is based on the higher of the 90-day and 10-day VWAP as on the relevant date of October 6, 2025, in line with SEBI ICDR Regulations.
The preferential allotment will bring in roughly Rs. 50 crore into the company but will dilute existing shareholders by about 2.80% on a fully diluted basis. The pricing is at market-determined levels (no discount), so no immediate price benefit for incoming investors, while existing shareholders may see mild dilution. The promoter (Rashmi Chamaria) subscribing to warrants signals promoter confidence.