Amic Forging Limited has announced significant changes to its leadership team, as approved by the company's Board of Directors during a meeting held on September 22, 2025.

New Addition to the Board

The Board has approved the appointment of S. Subrahmanyan as an Additional Director (Non-Executive) of the company, effective October 3, 2025. This appointment is subject to shareholder approval.

Subrahmanyan brings a wealth of experience to Amic Forging Limited. He is a graduate in Mechanical Engineering from the College of Engineering, Guindy, Chennai, and holds a post-graduate degree in Aircraft Production Engineering from IIT Madras. His career in the aerospace industry spans over four decades, beginning with his joining Hindustan Aeronautics Limited (HAL) as a Management Trainee in August 1980.

Throughout his tenure at HAL, Subrahmanyan worked across various complexes, including the Helicopter Complex, MiG Complex, Bangalore Complex, and the Corporate Office. He served on HAL's board until his superannuation in 2017. Since then, Subrahmanyan has been actively involved in the private aerospace sector, serving as an independent director and advisory board member for various industries.

Changes in Financial Leadership

In a separate development, Anshul Chamaria, who currently serves as both Whole-time Director and Chief Financial Officer (CFO) of Amic Forging Limited, has decided to step down from his role as CFO. His resignation from the CFO position will be effective from the close of business hours on October 31, 2025.

The company stated that Chamaria's decision to resign from the CFO role is driven by his desire to devote greater focus and attention towards his responsibilities and strategic initiatives as a Whole-Time Director of the company. Despite relinquishing his financial leadership role, Chamaria will continue to serve as a Whole-time Director on the company's board.

Board Meeting Details

The Board meeting where these decisions were made commenced at 15:15 (IST) and concluded at 15:45 (IST) on September 22, 2025. The company has duly informed the BSE Limited about these changes, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These leadership changes come at a time when Amic Forging Limited appears to be focusing on strengthening its board with diverse expertise and allowing its executives to specialize in specific roles. The addition of Subrahmanyan's aerospace experience and the refocusing of Chamaria's responsibilities suggest a strategic shift that may influence the company's future direction and operations.

Amic Forging has announced a significant development that could potentially shape its financial future. The company's Board of Directors is set to convene on September 24, 2025, to deliberate on a proposal for raising funds through various financial instruments.

Key Points of the Upcoming Board Meeting

Fund Raising Proposal Details

The board meeting will focus on exploring various avenues for capital infusion. The company is considering a range of securities, including but not limited to:

• Equity shares
• Debentures
• Warrants
• Preference shares
• Other equity-linked securities

The fund raising may be conducted through several permissible modes, with private placement and qualified institutional placement being explicitly mentioned as potential routes.

Additional Matters on the Agenda

1. Approval of Ancillary Actions: The board will discuss and potentially approve necessary actions related to the proposed fund raising.
2. Regulatory Compliance: The proposal will be subject to regulatory and statutory approvals as required.
3. Shareholder Approval: The board will approve the notice for an Extra-ordinary General Meeting (EGM) or postal ballot to seek shareholder approval for the fund raising proposal.

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, Amic Forging has implemented the following measures:

• The trading window for the company's equity shares has been closed with immediate effect.
• This closure applies to all directors and designated persons of the company.
• The trading window will remain closed until 48 hours after the meeting outcome is made public on September 24, 2025.

Company Secretary Statement

Neha Fatehpuria, Company Secretary of Amic Forging Limited, has officially communicated these developments to the BSE Limited, ensuring transparency and compliance with regulatory requirements.

This strategic move by Amic Forging suggests that the company might be gearing up for expansion, debt restructuring, or other significant corporate actions. Shareholders and potential investors will be keenly watching the outcome of this crucial board meeting, which could have substantial implications for the company's financial structure and future growth prospects.