At its board meeting held on May 11, 2026, AMIC Forging Limited approved a comprehensive capital-raising plan encompassing an increase in authorized share capital, a preferential equity issue to Kvasa Capital (a Mukul Agrawal company), and the issuance of convertible warrants aggregating up to ₹216,99,22,500. The decisions were disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 2.00 P.M. and concluded at 3.15 P.M.

Increase in Authorized Share Capital

The board approved an increase in the company's authorized share capital from Rs. 12,00,00,000 (Rupees Twelve Crores Only) to Rs. 15,00,00,000 (Rupees Fifteen Crores Only). This expansion involves the creation of an additional 30,00,000 (Thirty Lakh) equity shares of Rs. 10/- (Rupees Ten) each, along with a consequent amendment to Clause V of the Memorandum of Association. The proposal is subject to shareholder approval and other applicable statutory and regulatory approvals.

Preferential Issue of Equity Shares

The board approved the issuance of up to 26,200 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 1,525/- per equity share, which includes a securities premium of Rs. 1,515/-. The total issue aggregates up to Rs. 3,99,55,000/-, raising approximately ₹3.9955 crore. The shares are to be allotted to Kvasa Capital (a Mukul Agrawal company), belonging to the non-promoter category, by way of a preferential issue on a private placement basis, in accordance with Sections 42 and 62 of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Issuance of Convertible Warrants

The board approved the issuance of up to 14,22,900 (Fourteen Lakh Twenty Two Thousand Nine Hundred) warrants, each convertible into one equity share of face value Rs. 10/-, at a warrant issue price of Rs. 1,525/- per warrant. The total issue aggregates up to Rs. 216,99,22,500/- (Rupees Two Hundred Sixteen Crore Ninety-Nine Lakh Twenty-Two Thousand Five Hundred Only). The warrants are to be issued to 11 specified non-promoter allottees by way of preferential issue on a private placement basis.

Upon issuance, warrant holders are required to pay Rs. 381.25 (Rupees Three Hundred Eighty One Point Two Five Only) per warrant upfront as the warrant subscription price, representing 25% of the warrant issue price. The remaining balance of Rs. 1,143.75 (Rupees One Thousand One Hundred Forty Three Point Seven Five Only), equivalent to 75% of the warrant issue price, is payable at the time of exercise. Each warrant is convertible into one equity share within 18 (eighteen) months from the date of allotment, in one or more tranches.

The 11 proposed warrant allottees are:

• Motilal Oswal Financial Services Limited
• Calliope Capital Advisors LLP
• Mukul Mahavir Agarwal
• Rakesh Tarway
• Khyati Suba
• Infiniterise Venture
• Mahesh Shah
• Suresh Zunzunwala
• Ankit Madhogaria
• Debashree Choudhury Chakraborty
• Bas & Associates

Sole Adviser and EGM Notice

The board noted that Anand Rathi Advisors Limited is acting as the sole adviser to the company in relation to the proposed fund raising through preferential allotment of warrants, subject to applicable laws and regulatory requirements. Additionally, the board approved the convening of an Extraordinary General Meeting (EGM) of shareholders on Friday, June 05, 2026, along with the draft notice to be issued to shareholders, to seek the requisite approvals for the above proposals.

Amic forging Limited has informed the stock exchanges about an upcoming board meeting scheduled for May 11, 2026, to deliberate on significant fund raising proposals and related corporate actions. The company submitted this intimation to BSE Limited on April 30, 2026, in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address two primary agenda items focused on capital raising and shareholder engagement:

Fund Raising Options Under Consideration

The board will evaluate multiple avenues for capital mobilization, providing flexibility in choosing the most suitable method based on market conditions and regulatory requirements. The fund raising proposals include:

• Issue of securities, equity shares, or warrants
• Rights issue to existing shareholders
• Preferential issue to select investors
• Qualified institutions placement (QIP)
• Any other methods or combination of the above approaches

All proposed fund raising methods will be subject to determination of issue price and obtaining necessary regulatory and statutory approvals as required under applicable laws.

Shareholder Approval Process

The board will also consider preparing the notice for an Extra-Ordinary General Meeting (EGM) or Postal Ballot to seek member approval for the fund raising proposals. This notice will include a detailed explanatory statement outlining the rationale and specifics of the proposed capital raising initiatives.

Trading Window Status

Amic Forging Limited has maintained its trading window closure that was initially announced on March 27, 2026. The closure was implemented in anticipation of the financial results for the year and half year ending March 31, 2026. The trading window will remain closed until 48 hours after the declaration of these financial results and will also cover the securities issuance agenda item to be discussed in the upcoming board meeting.

Corporate Information

The company secretary Neha Fatehpuria signed the intimation digitally, ensuring compliance with regulatory requirements for board meeting notifications.