Amic Forgings Announces EGM to Raise ₹50 Crores Through Preferential Issue

Amic Forgings Limited has scheduled an Extraordinary General Meeting on November 5, 2025, to seek shareholder approval for raising ₹49.98 crores through preferential allotment. The proposal includes issuing 2,60,425 equity shares at ₹1,536 per share and 65,000 warrants convertible within 18 months. The issue will be made to 27 identified allottees for equity shares and 2 allottees for warrants, including promoter Rashmi Chamaria who will receive 39,000 warrants. The relevant date for price determination is October 6, 2025, with the floor price calculated at ₹1,536 per share based on SEBI regulations. The funds will be utilized for capital expenditure, working capital, and general corporate requirements. Post-issue, the new securities will represent 2.80% of the company's fully diluted share capital.

FORGING LTD Approves Rs 50 Crore Fundraise Through Preferential Issue of Equity Shares and Warrants

FORGING LTD's Board of Directors approved the issuance of 260,425 equity shares at Rs 1,536 per share to raise Rs 40.00 crore from 27 non-promoter investors through preferential allotment. The company also approved issuing 65,000 convertible warrants at the same price to raise an additional Rs 9.98 crore from promoter and non-promoter categories. The warrants are convertible into equity shares within 18 months from allotment date. Both issuances are subject to shareholder and regulatory approvals. The company has scheduled an Extraordinary General Meeting on November 5, 2025, to seek shareholder approval for these proposals.

Amic Forging Limited Board Approves Rs. 50 Crore Fundraising Through QIP

Amic Forging Limited's Board of Directors approved raising funds up to Rs. 50 crores through a Qualified Institutional Placement (QIP) of equity shares or other eligible securities. The board meeting was held on September 24, 2025, and the decision is subject to shareholder and regulatory approvals. The company will issue equity shares with a face value of Rs. 10 each and/or other convertible securities in one or more tranches. A postal ballot notice will be sent to shareholders to seek approval for the proposed issuance.