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Knowledge Marine & Engineering Works Limited held an Extra-Ordinary General Meeting via video conference, where all resolutions were passed with the requisite majority. Notably, the shareholders approved a sub-division of equity shares from ₹10 to ₹5 and alterations to the Memorandum of Association. Additionally, they authorized raising up to ₹500 crore through private placements and other means. This solidifies the company's capital structure and may enhance liquidity, indicating a positive outlook for growth initiatives and strategic investments. The broad support for these measures could bolster investor confidence in the company's future.
All announcements from Knowledge Marine & Engineering Works Limited