Amic Forging establishes new subsidiary, Amic Engg Tech

Amic Forging (BSE: AMIC) has announced the incorporation of a new subsidiary, Amic Engg Tech Private Limited, effective February 21, 2025. The subsidiary's authorized and paid-up share capital both stand at ₹1,00,00,000 (Rupees One Crore). While currently reporting no turnover as it is a new entity, Amic Engg Tech will operate in the forging industry, focusing on forging, pressing, stamping, roll-forming of metal, and powder metallurgy. Amic Forging has invested ₹70,00,000, acquiring 70% ownership through 700,000 equity shares priced at ₹10 each. The move was officially intimated to the BSE on February 26, 2025.