AMIC Forging has issued an EGM notice for June 5, 2026, seeking shareholder approval for a capital raise of Rs. 220,98,77,500/- through preferential allotment of 26,200 equity shares to Kvasa Capital at Rs. 1,525/- per share and 14,22,900 convertible warrants to 11 non-promoter allottees at Rs. 1,525/- per warrant. Proceeds are earmarked for a Phase-III expansion featuring a 5,000 Ton Open Die Hydraulic Forging Press facility. Post-issue, promoter holding will decline to 49.08% from 55.24%, with no change in company control. The EGM will also consider regularization of two director appointments and an increase in authorized share capital from Rs. 12 Cr to Rs. 15 Cr.
AMIC Forging Schedules EGM on June 5 to Approve ₹220.99 Cr Capital Raise and Director Appointments
