Latest news about Amic Forging
Amic Forging
1,500.00
+3.50(+0.23%)
Company Performance:
View Company Insights1D+0.23%
1M+11.54%
6M-6.09%
1Y+14.78%
5Y+496.78%
More news about Amic Forging
10Oct 25
Amic Forging Secures Rs 50 Crore Through Preferential Issue of Equity Shares and Warrants
Amic Forging has approved a plan to raise approximately Rs 50 crore through a preferential issue of equity shares and warrants. The company will issue 260,425 equity shares at Rs 1,536 per share to raise Rs 40 crore from 27 non-promoter investors. Additionally, 65,000 convertible warrants will be issued at the same price, raising Rs 9.98 crore from promoter and non-promoter categories. The warrants can be converted into equity shares within 18 months of allotment. An EGM is scheduled for November 5, 2025, to seek shareholder approval for the preferential issue.
24Sept 25
Amic Forging Limited Board Approves Rs. 50 Crore Fundraising Through QIP
Amic Forging Limited's Board of Directors has approved raising up to Rs. 50 crores through a Qualified Institutional Placement (QIP) of equity shares and other eligible securities. The decision was made during a board meeting on September 24. The fundraising will involve issuing equity shares with a face value of Rs. 10 each, other convertible securities, or a combination thereof. The QIP will be conducted in compliance with SEBI regulations and the Companies Act, 2013. The company will seek shareholder approval through a postal ballot and obtain necessary regulatory approvals.
22Sept 25
Amic Forging Limited Appoints S. Subrahmanyan as Additional Director, CFO Anshul Chamaria Steps Down
Amic Forging Limited's Board of Directors has approved significant leadership changes. S. Subrahmanyan, with over four decades of aerospace industry experience, will join as an Additional Director (Non-Executive) from October 3, 2025, subject to shareholder approval. Anshul Chamaria will step down as CFO effective October 31, 2025, but will continue as a Whole-time Director to focus on strategic initiatives. These decisions were made during a board meeting on September 22, 2025.
19Sept 25
Amic Forging Limited to Consider Fund Raising Proposal in Upcoming Board Meeting
Amic Forging's Board of Directors will meet on September 24, 2025, to discuss a fund raising proposal. The board will consider various financial instruments including equity shares, debentures, warrants, and preference shares. The fund raising may be conducted through private placement, qualified institutional placement, or other permissible modes. The meeting will also address approval of ancillary actions, regulatory compliance, and shareholder approval via EGM or postal ballot. The company has closed its trading window for directors and designated persons until 48 hours after the meeting outcome is made public.
16Jul 25
AMIC Forging Secures New Order Worth ₹54.6 Million, Bolstering Its Position in Precision Engineering
AMIC Forging Limited has received a new order worth ₹54.60 million from a joint venture of Mitsubishi Heavy Industries and partners. The order is for supplying high-performance roller segments, showcasing the company's engineering capabilities. AMIC Forging, founded in 2007, specializes in open-die forgings and precision machined components, serving various industries including heavy engineering, oil & gas, and power sectors. The company reported strong financial performance in FY 2024-25 with a total income of ₹121.32 crore and PAT of ₹35.56 crore.
09Jul 25
Amic Forging Achieves Milestone with Indian Boiler Rules Acknowledgment
Amic Forging has received an acknowledgment under the Indian Boiler Rules, marking a significant milestone for the company. This recognition demonstrates compliance with safety and quality standards set by Indian regulations for boiler-related operations. The acknowledgment could enhance Amic Forging's credibility, expand market opportunities, ensure operational safety, and provide a competitive advantage in the boiler industry.
19Jun 25
Amic Forging Plans Major Expansion with ₹270 Million Investment
Amic Forging has revealed plans for a major expansion, investing ₹270 million in land acquisition, a new factory, and machinery. This strategic move aims to increase production capacity, potentially improve efficiency, and strengthen the company's market position in the forging industry. The expansion is expected to significantly impact Amic Forging's operations and financial outlook, though specific timelines and financing details have not been disclosed.
19Mar 25
Amic Forging Unveils Ambitious Expansion Plans with ₹852.5 Crore Investment
Amic Forging Limited has approved strategic investments totaling ₹852.5 crore. The plan includes acquiring 3.5 Bigha of land for ₹2.5 crore to establish an ammunition manufacturing facility, investing ₹600 crore in a new ammunition unit focusing on cartridge production, and allocating ₹250 crore for new machinery and sheds to expand existing forging operations. The company expects to increase production capacity by 1,000 tons per month, with new facilities set to commence operations by June 1, 2025.
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