Board Meeting11 May 2026, 03:42 pm
Amic Forging to Issue Equity, Warrants worth ₹216.99 Cr
AI Summary
Amic Forging Ltd's board approved increasing authorized share capital from ₹12 Cr to ₹15 Cr and issuing 26,200 equity shares at ₹1525 each, aggregating to ₹3,99,55,000, to non-promoters via preferential issue. Additionally, the board approved issuing up to 14,22,900 warrants convertible into equity shares at ₹1525 each, totaling ₹216,99,22,500, also to non-promoters on a preferential basis. Anand Rathi Advisors Limited is the sole advisor for the preferential issue.
Key Highlights
- Amic Forging increases authorized share capital from ₹12 Cr to ₹15 Cr.
- Company to issue 26,200 equity shares at ₹1525 each, raising ₹3,99,55,000.
- Board approves issuing 14,22,900 warrants at ₹1525 each, totaling ₹216.99 Cr.
- Warrants are convertible into equity shares within 18 months.
- Anand Rathi Advisors Limited is the sole advisor for the preferential issue.
Price Impact
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