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.

Amic Forging , a prominent player in the forging industry, has announced a significant capital raising initiative through a preferential issue of equity shares and warrants. The company's Board of Directors has approved a comprehensive plan to raise approximately Rs 50 crore, aimed at strengthening its financial position and supporting future growth strategies.

Equity Share Issuance

The company plans to issue 260,425 fully paid-up equity shares at a price of Rs 1,536.00 per share, which includes a substantial premium of Rs 1,526.00 over the face value of Rs 10.00. This issuance is expected to raise Rs 40.00 crore from 27 non-promoter investors through a preferential allotment on a private placement basis.

Warrant Issuance

In addition to the equity shares, Amic Forging will also issue 65,000 convertible warrants at the same price of Rs 1,536.00 per warrant. This move is set to raise an additional Rs 9.98 crore from both promoter and non-promoter categories. These warrants come with a conversion option, allowing holders to convert them into equity shares within 18 months from the date of allotment.

Key Details of the Preferential Issue

Investor Allocation for Warrants

Regulatory Approval and Next Steps

The preferential issue is subject to necessary regulatory approvals, including shareholder consent. To facilitate this, Amic Forging has scheduled an Extraordinary General Meeting (EGM) on November 5, 2025, where shareholders will be asked to approve these proposals.

This strategic move by Amic Forging demonstrates the company's proactive approach to capital management and its commitment to creating long-term value for its shareholders. The successful completion of this preferential issue is expected to provide the company with the financial flexibility needed to pursue its growth objectives in the competitive forging industry.