Amic Forging Ltd

AGM details

• AGM held on Sep 30, 2026 at 3:05 PM via Video Conference.
• Meeting concluded at 3:43 PM; total attendees: 23 members including directors.
• Mode: VC; proceedings conducted as per MCA/SEBI guidelines.

Resolutions proposed

• Ordinary resolution to receive, consider and adopt standalone financial statements for year ended March 31, 2026.
• Ordinary resolution to receive, consider and adopt consolidated financial statements for year ended March 31, 2026.
• Ordinary resolution to re-appoint Ashul Chamaria (DIN:06586643) who retires by rotation.
• Ordinary resolution to ratify remuneration of the Cost Auditor for FY 2026-27.
• Ordinary resolution to approve increase in remuneration of Mr. G. L. Charnaria, Managing Director.
• Ordinary resolution to approve increase in remuneration of Mr. Anshul Chamaria, Whole-Time Director.

Voting / results

• Voting results to be published on the company's website within two working days after AGM.
• Results to be forwarded to BSE Limited.

Amic Forging Ltd – Trading Window Closure Notice

Financial performance

• Standalone revenue from operations: ₹14,178.48 Lakhs in FY2025-26.
• Standalone total income: ₹14,281.76 Lakhs.
• Standalone profit after tax: ₹2,827.71 Lakhs.
• Consolidated revenue: ₹14,178.48 Lakhs; PAT ₹2,827.16 Lakhs.
• EPS (basic): ₹26.78 per share.
• Dividend for FY2025-26: not declared.

Capital structure & equity

• Paid-up equity capital as on 31 Mar 2026: ₹10.7488 Crore.
• Preferential issue: 65,000 warrants and 2,60,425 equity shares.
• Issue price: ₹1,536 per warrant; 25% upfront received.
• Listed on BSE SME; ISIN INE0P9J01013; listing fees to 2027.
• Promoter group held 56.56% at year-end.

Corporate actions & strategy

• Backward integration initiative to boost efficiency and reduce external dependency.
• Strategy focuses on expanding product portfolio and domestic market presence.
• Remuneration for MD & WTD proposed to rise to ₹15 Lakh/month from 1-Apr-2025.

Governance & leadership

• S Subrahmanyan appointed Independent Director on 3 Oct 2025.
• Anshul Chamaria resigned as CFO on 1 Nov 2025.
• Priyankar Ghosh appointed CFO on 20 Dec 2025; last working day 31 Mar 2026.
• Board growth includes additional independent director.

Audits & internal controls

• Adequate internal financial controls; no material weaknesses observed.
• Statutory audit: K. N. Gutgutia & Co.; Secretarial audit: B. K. Barik & Associates.
• Secretarial audit report for 2025-26 is unqualified.

Related party transactions

• Mackeil Ispat & Forgings: sales ₹43.22 Lakhs; purchases ₹272.60 Lakhs.
• Loan to Mackeil ₹1.50 Crore; balance ₹2.04 Crore.
• Dakor Logistics LLP: investment ₹4.65 Crore; equity balance ₹4.65 Crore.
• Amic Engg Tech Private Ltd: investment ₹70.00 Lakhs.

CSR & sustainability

• CSR spent ₹51.48 Lakhs; CSR obligation ₹51.41 Lakhs.
• Projects include health, education, environment; policy available on the website.
• Corporate CSR committee met twice in 2025-26.

Operations & segment

• Company operates in a single segment: Steel forgings and machined heavy precision.
• Backwards integration and automation emphasis to improve efficiency.

Risk & outlook

• Risks include raw material volatility, energy costs, demand fluctuations, competition.
• Outlook remains positive; opportunities in automotive, aerospace, defence, infrastructure.

Auditor reappointments

• Reappointment of Internal Auditor: Kumar Sanjeev and Associates (FRN 328267E) for FY2026-27, effective 31 Aug 2026.
• Reappointment of Cost Auditor: Sohan Lal Jalan and Associates for FY2026-27; remuneration subject to AGM approval.

Dematerialisation/rematerialisation status

• Regulation 74(5) is not applicable as all shares are in demat form.
• No requests for rematerialisation or dematerialisation were received during the quarter ended 30 June 2026.

Capital actions

• Equity shares: 26,200 allotted to a non-promoter investor at Rs 1,525 per share.
• Total amount from equity allotment: Rs 3.99 crore.
• Convertible warrants: aggregate Rs 216.99.22.500 on preferential basis.
• Warrant holders include Motilal Oswal Financial Services and Calliope Capital Advisors among non-promoters.
• Warrants exercisable into equity within 18 months from allotment.
• Equity shares locked-in for a specified ICDR-prescribed period.
• Board approvals: 09 Jul 2026; BSE in-principle approval on 24 Jun 2026.
• Shareholder resolution for equity and warrant issuances dated 05 Jun 2026.

Audit status

• Standalone and consolidated FY26 audited with unmodified opinion.
• Auditors: KNG Gutgutia & Co.; report dated 30 May 2026.
• Company notes single-segment operation.

Standalone financials FY26

• Half-year ended 31-Mar-2026: revenue from operations 7,520.44 Lacs.
• Half-year ended: total income 7,569.57 Lacs.
• Full-year ended 31-Mar-2026: total income 14,281.76 Lacs; PAT after tax 2,826.92 Lacs.
• Standalone EPS (full-year): 26.30.

Consolidated structure & balance sheet

• Consolidated results include Dakor Logistics LLP (33% holding) and subsidiary (71% holding).
• Consolidated assets as at 31-Mar-2026: 25,525.43 Lacs.
• Auditors' opinion on consolidated results: unmodified.

Other details

• Date of board sign-off: 30 May 2026; Kolkata.
• Company notes single-segment operation per notes.