Amic Forging Limited has successfully completed both equity share allotment and convertible warrant issuance on a preferential basis, following board meetings held on December 23 and December 27, 2025. The company raised ₹40.00 crore through equity shares and an additional ₹9.98 crore through convertible warrants.

Equity Share Allotment Completed

The Board of Directors approved the allotment of 2,60,425 fully paid-up equity shares at ₹1,536 per share, raising ₹40.00 crore from 27 non-promoter investors. This allotment was conducted pursuant to the shareholders' resolution dated November 5, 2025, and the in-principle approval received from BSE Limited on December 12, 2025.

Convertible Warrants Allotment Completed

Following the equity share allotment, the company's board meeting on December 27, 2025, approved and completed the allotment of 65,000 convertible warrants at ₹1,536 each, with a total issue size of ₹9.98 crore. The company has received 25% of the warrant issue price upfront, amounting to ₹2.50 crore from the allottees.

Warrant Allottee Distribution

The convertible warrants were successfully allocated to two investors, with the promoter receiving the majority allocation:

Impact on Share Capital Structure

The equity share allotment has increased the company's paid-up equity share capital from ₹10.49 crore to ₹10.75 crore. Upon full conversion of the warrants, the share capital will further increase by ₹0.65 crore.

Regulatory Compliance and Lock-in Provisions

Both the newly allotted equity shares and convertible warrants will be subject to lock-in provisions as specified under Chapter V of the SEBI (ICDR) Regulations, 2018. The warrants are convertible into fully paid-up equity shares within 18 months from the allotment date, upon payment of the remaining 75% of the warrant issue price.

Fund Utilization Strategy

The combined fundraising of ₹49.98 crore will be allocated toward capital expenditure (₹40.00 crore), working capital requirements (₹3.00 crore), and general corporate purposes (₹6.98 crore). The capital expenditure will focus on machinery purchase, shed construction, and land acquisition for new plant setup and expansion.

Amic Forgings Limited, a leading player in the forging industry, has announced plans to raise ₹49.98 crore through a preferential issue of equity shares and warrants. The company's board of directors approved this proposal in a meeting held on October 10, 2025, subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM) scheduled for November 5, 2025.

Key Details of the Preferential Issue

The preferential issue comprises two components:

1. Equity Shares: 2,60,425 equity shares of face value ₹10 each
2. Warrants: 65,000 warrants convertible into an equal number of equity shares

Both the equity shares and warrants will be issued at a price of ₹1,536.00 per share/warrant, including a premium of ₹1,526.00.

Allotment and Conversion Details

• The company has identified 27 allottees for the equity shares and 2 allottees for the warrants.
• Mrs. Rashmi Chamaria, a promoter group member, will receive 39,000 warrants.
• The warrants are convertible within 18 months from the date of allotment.

Pricing and Relevant Date

• The issue price has been determined based on SEBI regulations.
• The relevant date for price determination is October 6, 2025.
• The floor price, calculated as per SEBI ICDR Regulations, is ₹1,536.00 per share.

Use of Funds

The company plans to utilize the raised funds for:

• Capital expenditure
• Working capital requirements
• General corporate purposes

Impact on Shareholding

Post-issue, the new securities will represent 2.80% of the company's fully diluted share capital. The promoter group's shareholding is expected to decrease slightly from 57.96% to 56.58%, while public shareholding will increase from 42.04% to 43.42%.

EGM Details

Key Considerations

1. The allotment of equity shares and warrants will be completed within 15 days of the EGM, subject to regulatory approvals.
2. The securities issued will be subject to a lock-in period as per SEBI regulations.
3. Amic Forgings has confirmed compliance with continuous listing requirements and has no outstanding dues to SEBI, stock exchanges, or depositories.

Investors and shareholders are advised to review the detailed notice of EGM for complete information on the preferential issue and voting procedures.