Amic Forging board to weigh equity issue, QIP withdrawal

Amic Forging Limited will convene a board of directors meeting on Friday, October 10, 2025, to discuss and approve key financial matters. The agenda includes a proposal for the issuance of equity shares through a preferential issue on a private placement basis or other methods, subject to necessary approvals. Additionally, the board will consider the notice for an extraordinary general meeting or postal ballot to seek shareholder approval for the fund-raising proposal.

A notable item on the agenda is the rescission or withdrawal of a resolution passed on September 24, 2025, which had approved raising funds via a qualified institutions placement (QIP). The company previously intimated a trading window closure effective from September 26, 2025, in anticipation of considering financial results for the half-year ending September 30, 2025.

The trading window closure will remain in effect for 48 hours after the declaration of the financial results and will also encompass the agenda item related to the preferential issue to be considered at the upcoming board meeting.