Amic Forging Limited has scheduled a board meeting on May 30, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026. The meeting will be held to transact business regarding the company's financial performance for the specified period.

In compliance with the company's code of conduct for insider trading, the trading window for dealing in the securities of the company has been closed for all directors and designated persons. The window closed effective April 1, 2026, and will remain shut until 48 hours after the declaration of the financial results to the stock exchange.

The intimation was made in accordance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will also consider any other business with the permission of the Chairman.

Amic Forging Limited has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled to be held on June 5, 2026. The meeting, convened via Video Conferencing and Other Audio-Visual Means, will seek shareholder approval for the preferential issue of equity shares and warrants to non-promoters. The corrigendum revises the list of proposed allottees and provides detailed utilization of the issue proceeds.

Revision in Allottee Details

The company has amended Resolution No. 2 regarding the preferential issue following instructions from BSE Limited. The name of Mr. Ankit Madhogaria, who was initially listed as subscribing to 10,000 warrants, has been replaced with Ankit Madhogaria (HUF). This change addresses a contravention of Regulation 159 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The revised list of allottees includes various non-promoter entities such as Kvasa Capital and Motilal Oswal Financial Services Limited.

Shareholding Pattern Update

The revision necessitates changes in the pre and post-issue shareholding pattern, specifically within the Individual and HUF categories. The total post-issue share capital remains unchanged at 12,997,935 shares. Promoters' holding will decrease to 49.08%, while public holding will increase to 50.92% post-issue.

Utilization of Issue Proceeds

The company clarified that the total proceeds of the preferential issue amounting to ₹220,98,77,500 will be utilized for capital expenditure and general corporate purposes. A sum of ₹165.75 crore is earmarked for the Phase-III expansion project, which includes establishing a Heavy Forging and Integrated Machining Facility. The remaining ₹55.24 crore will be used for general corporate purposes.

The company also informed shareholders that CRISIL Ratings Limited has been appointed as the Monitoring Agency to oversee the utilization of the proceeds. The corrigendum is available on the company's website.