Amic Forgings Limited has issued a corrigendum to the notice of its Extra Ordinary General Meeting (EGM) scheduled for November 5, 2025. The company has made significant changes to its preferential issue proposal, addressing regulatory concerns and updating the list of allottees.

Key Changes in the Preferential Issue

Allottee Replacements

• Mrs. Aditi Gupta replaces Mr. Sundip Kumar Gupta for 6,500 shares
• Mr. Sharad Kumar Agarwal replaces Mrs. Meenakshi Agarwal
• Mr. Shekhar Agarwal is included as a new proposed allottee
• Divine Kailash Realtors LLP has been removed from the allottee list

Regulatory Compliance

• The changes address contraventions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Mrs. Meenakshi Agarwal's removal is due to her selling shares after the relevant date, violating SEBI regulations

Utilization of Preferential Issue Proceeds

The company has clarified the allocation of the Rs. 49.99 crore expected to be raised:

Capital Expenditure Details

The funds will be used for:

• Balance payment for machinery purchase
• Construction of sheds
• Land acquisition for new plant setup and expansion

Working Capital Allocation

The Rs. 3 crore will primarily be used for purchasing scrap as raw material for stock reservation, intended for use in the new plant under backward integration.

Revised Allottee List

The corrigendum includes a comprehensive list of the revised allottees, detailing their categories (Promoter/Non-Promoter), pre-issue and post-issue shareholdings, and PAN numbers. Notable allottees include:

• Rashmi Chamaria (Promoter): Shareholding changing from 13.10% to 13.07%
• MBRD Investment (Non-Promoter): New allottee with 0.60% post-issue shareholding
• VT Capital Market Private Limited: Shareholding changing from 0.085% to 0.338%

Conclusion

Amic Forgings Limited has demonstrated its commitment to regulatory compliance by issuing this detailed corrigendum. The changes in the allottee list and the clear breakdown of fund utilization provide transparency to shareholders. The company's focus on capital expenditure suggests plans for expansion and improved production efficiency.

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.