AMIC Forging Limited has issued a formal notice convening an Extra-Ordinary General Meeting (EGM) of shareholders on Friday, June 5, 2026, at 3:00 PM IST, to be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The EGM seeks shareholder approval for a comprehensive capital-raising plan approved by the board at its meeting on May 11, 2026, encompassing an increase in authorized share capital, a preferential equity issue, and the issuance of convertible warrants aggregating up to Rs. 220,98,77,500/-. The decisions were disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting window opens on Tuesday, June 2, 2026, at 9:00 AM IST and closes on Thursday, June 4, 2026, at 5:00 PM IST, with the cut-off (record) date set as Friday, May 29, 2026.

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/- 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/-. 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 per warrant upfront as the warrant subscription price, representing 25% of the warrant issue price. The remaining balance of Rs. 1,143.75 per warrant, 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. Together, the equity shares and warrants will aggregate to 11.09% of the total paid-up share capital of the company on a fully diluted basis on the date of their allotment.

The 11 proposed warrant allottees and their respective warrant allocations are as follows:

Use of Proceeds and Price Basis

The proceeds of the issue are proposed to be utilized towards the Phase-III expansion project of AMIC Forging through the establishment of a state-of-the-art Heavy Forging and Integrated Machining Facility centered around a 5,000 Ton Open Die Hydraulic Forging Press and a 40 Ton Forging Manipulator. The proposed project includes investment in a heavy forging line, integrated CNC machining division, heat treatment facilities comprising six 40-ton bogie hearth furnaces, material handling systems including 35-ton and 25-ton EOT crane networks, utilities and electrical infrastructure, industrial production sheds, civil foundations, flooring, and logistics infrastructure. General corporate requirements also form part of the intended use. The "Relevant Date" for the purposes of computing the price in terms of Regulation 164(1) of the ICDR Regulations is May 6, 2026, being a date 30 days prior to the date of the EGM. The floor price computed as of the Relevant Date on the Bombay Stock Exchange is Rs. 1524.89 per share, and the issue price of Rs. 1,525/- per share is in compliance with the applicable SEBI ICDR Regulations.

Post-Issue Shareholding Pattern

Based on the EGM notice, the proposed capital raise will result in a change in the shareholding structure of the company. Post-issue, promoter holding is expected to stand at 49.08%, while public/non-promoter holding will account for 50.92% of the total paid-up share capital of 1,29,97,935 shares. The company has confirmed that there will be no change in control as a result of the proposed investment, and none of the promoters or directors intend to subscribe to any of the equity shares or convertible warrants being issued under the preferential issue.

Director Appointments and Adviser

The EGM notice also includes resolutions for the appointment of two directors. Mr. S Subrahmanyan (DIN: 06447057), who was appointed as an Additional Independent Non-Executive Director with effect from October 3, 2025, is proposed to be regularized as an Independent Director for a term of 5 (five) years commencing from October 3, 2025, to October 2, 2030, not liable to retire by rotation. Mr. Vijay Chopra (DIN: 06876180), who was appointed as an Additional Non-Executive Non-Independent Director with effect from April 20, 2026, is proposed to be regularized as a Non-Executive Non-Independent Director liable to retire by rotation, with office term from April 20, 2026, to April 19, 2031. Anand Rathi Advisors Limited is acting as the sole adviser to the company in relation to the proposed fund raising through preferential allotment.

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.