Board Meeting11 May 2026, 05:21 pm
Amic Forging: ₹216.99 Cr Convertible Warrant Issue
AI Summary
Amic Forging Ltd's board approved increasing authorized share capital from ₹12 Cr to ₹15 Cr and issuing up to 26,200 equity shares at ₹1525 each, aggregating up to ₹3,99,55,000, to non-promoters via preferential issue. Additionally, it approved issuing up to 14,22,900 convertible warrants at ₹1525 each, totaling up to ₹216,99,22,500, to non-promoters, with ₹381.25 payable upfront per warrant and the balance within 18 months. Anand Rathi Advisors Limited is the sole advisor for the preferential issue.
Key Highlights
- Amic Forging to increase authorized share capital to ₹15 Cr.
- Company to issue 26,200 equity shares at ₹1525 each via preferential issue.
- Issuance of up to 14,22,900 convertible warrants at ₹1525 each approved.
- Warrant holders to pay ₹381.25 upfront with balance due within 18 months.
- Anand Rathi Advisors Limited is the sole advisor for the preferential issue.
Price Impact
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