The Extraordinary General Meeting of the Company is scheduled to be held on Friday June 05, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Amic Forging Ltd has called an EGM on June 5, 2026 at 3:00 PM via video conferencing to vote on four agenda items. First, the company proposes to increase its authorized share capital from Rs. 12 crore to Rs. 15 crore by creating 30 lakh additional equity shares of Rs. 10 each. Second, and most significantly, the company plans a preferential issue of equity shares and convertible warrants worth approximately Rs. 220.99 crore to non-promoters via private placement. This includes 26,200 equity shares at Rs. 1525 per share to Kvasa Capital and 14.22 lakh convertible warrants at Rs. 1525 each to 11 investors including Motilal Oswal Financial Services, Calliope Capital Advisors, and others. Each warrant is convertible into one equity share within 18 months. Third, the appointment of Mr. S Subrahmanyan as Independent Director for 5 years. Fourth, appointment of Mr. Vijay Chopra as Non-Executive Non-Independent Director for 5 years. Remote e-voting will be open from June 2-4, 2026.
The Rs. 221 crore preferential issue to non-promoters will result in significant share dilution for existing shareholders. The warrant conversion at Rs. 1525 per share within 18 months could further increase equity base. The two director appointments appear routine. Overall impact is moderately negative for existing shareholders due to dilution, though funds raised may support company growth.