Amic Forging Ltd — Important, 27-12-2025: Company Update
27-12-2025 | 06:13 pm
27-12-2025 | 06:13 pm
The company's Board has approved the preferential allotment of 65,000 convertible warrants at Rs. 1536/- each, totaling Rs. 9.98 Cr. Initially, Rs. 2.50 Cr (25% upfront at Rs. 384/- per warrant) has been received. These warrants were issued to a promoter (39,000) and a non-promoter (26,000). Each warrant is convertible into one Rs. 10 equity share within 18 months by paying the remaining 75%. This move provides capital infusion and, upon full conversion, will expand the company's equity base.
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